SBA Loan from Pff Bank & Trust Helps Consumer Electronics And Appliances Rental Company
Pff Bank & Trust and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level.
This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Pff Bank & Trust, out of Rancho Cucamonga, California. The loan was granted and they received $75,000 to help grow their La Verne, California business.
SBA Loan Borrower
COMPANY TYPE: CONSUMER ELECTRONICS AND APPLIANCES RENTAL
LA VERNE, CA 91750
SBA Loan Lender
PFF BANK & TRUST
9467 MILLIKEN AVE
RANCHO CUCAMONGA, CA 91730
This lender issued this small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
532210 - Consumer Electronics and Appliances Rental
Loan Approval Date
4/5/2004
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
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 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you have been wondering how do i get money to start a business in La Verne CA, you ought to talk with a local La Verne SBA lender or talk with an out-of-area SBA lender that has previously loaned money to La Verne businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Pff Bank & Trust and they will explain how you can get an SBA loan for your company.
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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