Hanmi Bank SBA Loan to Business Services Company
Looking to get a California business loan? Here's one California business loan that was approved by the SBA.
This local small business knew how to go about getting a business bank loan. Based in El Segundo, California, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Hanmi Bank, based in Los Angeles, California.
SBA Loan Borrower
COMPANY TYPE: BUSINESS SERVICES
EL SEGUNDO, CA 90345
SBA Loan Lender
HANMI BANK
3660 WILSHIRE BLVD, STE 103
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.
SIC Code
7389 - Business Services
Loan Approval Date
3/9/2000
Loan Approval Gross Amount
$640,000
Loan Approval from the SBA
Of the total $640,000 loan amount, the SBA guaranteed $480,000.
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 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
While you may be able to borrow money from friends and family, 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.
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