Culver City, California Entrepreneur Gets a Small Business Loan
Would a California small business loan help your small business to grow and prosper? If so, you may want to talk with this New York bank, which offers SBA loans to California entrepreneurs.
You can learn something about getting a small business loan in Culver City, California by studying this loan to a local company, made back in 2005. Banks like Banco Popular North America may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: OPHTHALMIC GOODS MERCHANT WHOLESALERS
CULVER CITY, CA 90232
SBA Loan Lender
BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
423460 - Ophthalmic Goods Merchant Wholesalers
Loan Approval Date
6/27/2005
Loan Approval Gross Amount
$446,000
Loan Approval from the SBA
Of the total $446,000 loan amount, the SBA guaranteed $334,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 14 employees. The loan application indicated that the loan would help retain 13 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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