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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Alhambra, Business Loans > Cathay Bank Alhambra Business Loans > Child Day Care Services Loan | ||||
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Alhambra, California SBA Banks
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Entrepreneur Works With Alhambra, California Bank to Get an SBA LoanWant to talk with an Alhambra, California bank about a small business loan? Here's one California business loan, issued by an Alhambra bank, that was approved by the SBA. Applying for an SBA loan with Cathay Bank worked out well for our friends at one local business in Downey, California. The business was able to get an SBA loan for $750,000. Nice! SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender CATHAY BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 9/27/2002 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. 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 18 employees. This SBA loan request indicated that the loan would help retain 18 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Downey or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Participating Banks in Alhambra, California
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