Get an SBA Loan for New Car Dealers

Looking for bank loans for new car dealers? An SBA loan may be just what you've been looking for. This $800,000 new car dealers loan was issued by a California bank.

Getting a small business loan in Duarte, California was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Gateway Business Bank, operating out of Cerritos, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: NEW CAR DEALERS
DUARTE, CA 90706

SBA Loan Lender

GATEWAY BUSINESS BANK
18000 STUDEBAKER RD, STE 550
CERRITOS, CA 90703

This lender provides SBA debt financing 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

441110 - New Car Dealers

Loan Approval Date

9/4/2003

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 30 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Duarte CA, you ought to talk with a local Duarte SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Duarte businesses.

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.

Related Links:

Business Cash Advances

Best Cerritos, California Banks for Small Business

California SBA Bank Lenders