Los Angeles, California Bank Lends Money to Paint, Varnish, And Supplies Wholesalers Company in Glendale, California

Find Los Angeles, California banks that specialize in business loans and know how to work with entrepreneurs. National Bank Of California is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Glendale, California starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from National Bank Of California. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PAINT, VARNISH, AND SUPPLIES WHOLESALERS
GLENDALE, CA 91204

SBA Loan Lender

NATIONAL BANK OF CALIFORNIA
145 S FAIRFAX AVE
LOS ANGELES, CA 90036

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.

NAICS Code

422950 - Paint, Varnish, and Supplies Wholesalers

Loan Approval Date

6/30/2004

Loan Approval Gross Amount

$412,500

Loan Approval from the SBA

Of the total $412,500 loan amount, the SBA guaranteed $309,375.

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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $412,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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