Narrow Fabric Mills Small Business Loans

Looking for small business loans for narrow fabric mills? Try the SBA. This $623,000 narrow fabric mills loan was issued by a California bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Nara Bank, out of Los Angeles, California. The loan was granted and they received $623,000 to help grow their Huntington Park, California business.

SBA Loan Borrower

COMPANY TYPE: NARROW FABRIC MILLS
HUNTINGTON PARK, CA 90255

SBA Loan Lender

NARA BANK
3731 WILSHIRE BLVD, STE 1000
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.

NAICS Code

313221 - Narrow Fabric Mills

Loan Approval Date

3/31/2004

Loan Approval Gross Amount

$623,000

Loan Approval from the SBA

Of the total $623,000 loan amount, the SBA guaranteed $467,250.

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 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Nara Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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SBA Banks in Los Angeles, California

Where to Get an SBA Loan California