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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Hanmi Bank Los Angeles Business Loans > Durable Goods Loan | ||||
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Examples of Compton SBA Loans
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Where to Get Capital for Durable Goods WholesalersLooking for SBA loans for durable goods wholesalers? Talk to a banker who works with the SBA. This $545,000 durable goods wholesalers loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Compton, California was able to borrow $545,000 from Hanmi Bank. The SBA made the loan possible by guaranteeing $408,750 of this California small business loan. SBA Loan Borrower COMPANY TYPE: DURABLE GOODS SBA Loan Lender HANMI BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5099 - Durable Goods NAICS Code 421990 - Durable Goods Wholesalers Loan Approval Date 4/18/2000 Loan Approval Gross Amount $545,000 Loan Approval from the SBA Of the total $545,000 loan amount, the SBA guaranteed $408,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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. Related Links: Who Lends Money to Small Businesses in Los Angeles, California
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