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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 > Loan Brokers Loan | ||||
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California SBA 7A Lenders
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Los Angeles, California Lender Lends Money to Loan Brokers CompanyGet to know Los Angeles, California banks that specialize in small business loans and know how to work with entrepreneurs. Hanmi Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Covina, California starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Hanmi Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: LOAN BROKERS 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 6163 - Loan Brokers NAICS Code 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 5/17/2000 Loan Approval Gross Amount $324,000 Loan Approval from the SBA Of the total $324,000 loan amount, the SBA guaranteed $243,000. 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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must 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 important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Hanmi Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Hanmi Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Banks for Small Business in Los Angeles, California Getting an SBA Loan in California
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