Growing Company Gets a California Business Loan
Bank loans in California are hard to find these days. We take a look at one California bank loan, provided by a California bank, that was approved by the SBA.
You can learn something about getting a small business loan in Encino, California by studying this loan to a local company, made back in 2001. Banks like Community Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: ONE-HOUR PHOTOFINISHING
ENCINO, CA 91316
SBA Loan Lender
COMMUNITY BANK
790 E COLORADO BLVD
PASADENA, CA 91101
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
812922 - One-Hour Photofinishing
Loan Approval Date
2/16/2001
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $187,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 25 employees. The loan application indicated that the loan would help retain 25 existing jobs.
Next Steps for Getting an SBA Loan
If you are raising money in Encino CA, you ought to talk with a local Encino SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Encino businesses.
We can help you find the best banks for small businesses in Encino 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:
Borrowing Money from Friends and Family
Banks in Pasadena, California
Where to Get an SBA Loan California