Financing for Real Estate Agents and Brokers

Looking for loans for real estate agents and brokers? An SBA loan may be just what you've been looking for. This $394,200 real estate agents and brokers loan was issued by a California bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with East West Bank, out of Pasadena, California. The loan was granted and they received $394,200 to help grow their Concord, California business.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS
CONCORD, CA 94519

SBA Loan Lender

EAST WEST BANK
135 N LOS ROBLES AVE, 7TH FL
PASADENA, CA 91101

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

3/8/2006

Loan Approval Gross Amount

$394,200

Loan Approval from the SBA

Of the total $394,200 loan amount, the SBA guaranteed $295,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 8 existing jobs.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like East West Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

Related Links:

The Friends and Family Network

Small Business Banks in Pasadena, California

California SBA Bank Lenders