Cerritos (dairy Valley), California Entrepreneur Gets an SBA Loan
Would a California bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this California bank, which offers SBA loans to California entrepreneurs.
This small business, based in Cerritos (dairy Valley), California, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Hanmi Bank. We've got the inside scoop on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: WOMEN'S CLOTHING STORES
CERRITOS (DAIRY VALLEY), CA 90703
SBA Loan Lender
HANMI BANK
3660 WILSHIRE BLVD, STE 103
LOS ANGELES, CA 90010
This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
448120 - Women's Clothing Stores
Loan Approval Date
7/19/2004
Loan Approval Gross Amount
$30,000
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $15,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.
Getting an SBA Loan For Your Business
If you are wondering how to raise money for a company in Cerritos (dairy Valley) CA, you ought to talk with a local Cerritos (dairy Valley) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cerritos (dairy Valley) businesses.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
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