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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Carson, Business Loans > Merchants Bank - California Natl Carson Business Loans > Motor Vehicle Towing Loan | ||||
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Banks in Carson, California That Make SBA Loans
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Carson, California Bank Gives SBA Loan to Motor Vehicle Towing CompanyThinking about meeting with a Carson, California bank about a business loan? Here's one California business loan, issued by a Carson bank, that was approved by the SBA. Applying for an SBA loan with Merchants Bank - California Natl worked out well for our friends at one local business in Gardena, California. They received an SBA loan for $200,000. Sweet! SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE TOWING SBA Loan Lender MERCHANTS BANK - CALIFORNIA NATL 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 488410 - Motor Vehicle Towing Loan Approval Date 2/7/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Raising VC Money for Social Networking Companies Best Banks for Small Business in Carson, California
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