Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Banks Doing SBA Loans in California

 

 
Loan Census SBA Loan Info

Los Angeles, California Lender Lends Money to Blind And Shade Manufacturing Company

Thinking about meeting with a Los Angeles, California bank about a small business loan? Here's one Texas business loan, issued by a Los Angeles bank, that was approved by the SBA.

Applying for an SBA loan with Hanmi Bank worked out well for our friends at one local business in Carrolton, Texas. They received an SBA loan for $1,241,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: BLIND AND SHADE MANUFACTURING
Carrolton, TX 75006

SBA Loan Lender

HANMI BANK
3245 WILSHIRE BLVD
LOS ANGELES, CA 90010

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

337920 - Blind and Shade Manufacturing

Loan Approval Date

9/20/2006

Loan Approval Gross Amount

$1,241,000

Loan Approval from the SBA

Of the total $1,241,000 loan amount, the SBA guaranteed $930,750.

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 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your 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.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

The Friends and Family Network

Banks in Los Angeles, California

California SBA 7A Lenders