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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pasadena, Business Loans > East West Bank Pasadena Business Loans > Amusement And Recreation Industries Loan | ||||
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East West Bank
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Laguan Nigel;, California Business Gets SBA-Guaranteed Funding from East West BankAn SBA loan from East West Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Laguan Nigel;, California business owner got a $467,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with East West Bank, out of Pasadena, California. The loan was granted and they received $467,000 to help grow their Laguan Nigel;, California business. SBA Loan Borrower COMPANY TYPE: AMUSEMENT AND RECREATION INDUSTRIES SBA Loan Lender EAST WEST BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713990 - Amusement and Recreation Industries Loan Approval Date 1/24/2006 Loan Approval Gross Amount $467,000 Loan Approval from the SBA Of the total $467,000 loan amount, the SBA guaranteed $350,250. 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 8 employees. The loan application indicated that the loan would help retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. East West Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, East West Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Role of Business Plan When Raising Money Who Lends Money to Small Businesses in Pasadena, California
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