Gardena, California Business Gets SBA-Guaranteed Funding from Hanmi Bank

An SBA loan from Hanmi Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gardena, California business owner got a $1,197,000 loan.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Hanmi Bank, out of Los Angeles, California. The loan was granted and they received $1,197,000 to help grow their Gardena, California business.

SBA Loan Borrower

COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES MERCHANT WHOLESALERS
Gardena, CA 90248

SBA Loan Lender

HANMI BANK
3245 WILSHIRE BLVD
LOS ANGELES, CA 90010

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423850 - Service Establishment Equipment and Supplies Merchant Wholesalers

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$1,197,000

Loan Approval from the SBA

Of the total $1,197,000 loan amount, the SBA guaranteed $897,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 32 employees. This SBA loan request indicated that the loan would help retain 32 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Gardena CA, you ought to talk with a local Gardena SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gardena businesses.

While you may be able to find other ways to get money to start a business, 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.

Related Links:

The Friends and Family Network

Good Banks for Small Business in Los Angeles, California

California SBA 7A Lenders