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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Center Bank Los Angeles Business Loans > Used Car Dealers Loan | ||||
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We Needed an SBA Loan in Lawndale, California and We Got One!
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Used Car Dealers Bank LoansLooking for bank loans for used car dealers? Try the SBA. This $1,020,000 used car dealers loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lawndale, California was able to borrow $1,020,000 from Center Bank. The SBA made the loan possible by guaranteeing $765,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender CENTER BANK 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 441120 - Used Car Dealers Loan Approval Date 7/25/2002 Loan Approval Gross Amount $1,020,000 Loan Approval from the SBA Of the total $1,020,000 loan amount, the SBA guaranteed $765,000. 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 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 Center Bank 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. Related Links: SBA 7A Banks in Los Angeles, California
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