Getting an SBA Loan for Activities Related to Real Estate

With these commercial loans for activities related to real estate, the SBA guarantees the lender that the loan will be repaid. This activities related to real estate loan for $50,000 was given to a California entrepreneur in 2007.

This business knew how to go about getting a business bank loan. Based in Lake Forest, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Southland Credit Union, based in Downey, California.

SBA Loan Borrower

COMPANY TYPE: ACTIVITIES RELATED TO REAL ESTATE
LAKE FOREST, CA 92630

SBA Loan Lender

SOUTHLAND CREDIT UNION
8545 FLORENCE AVE
DOWNEY, CA 90240

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

531390 - Activities Related to Real Estate

Loan Approval Date

11/29/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Lake Forest or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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 7A Lenders in Downey, California

Getting an SBA Loan in California