Far East National Bank SBA Loan to Gasoline Stations With Convenience Stores Company
Far East National Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
This small firm knew how to go about getting a business bank loan. Based in La Habra, California, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Far East National Bank, based in Los Angeles, California.
SBA Loan Borrower
COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
LA HABRA, CA 90631
SBA Loan Lender
FAR EAST NATIONAL BANK
977 N BROADWAY
LOS ANGELES, CA 90012
This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
447110 - Gasoline Stations with Convenience Stores
Loan Approval Date
7/13/2006
Loan Approval Gross Amount
$77,000
Loan Approval from the SBA
Of the total $77,000 loan amount, the SBA guaranteed $57,750.
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 3 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
This company got an SBA loan. You can too! Maybe you need seed money for business? 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.
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