Company Gets a California Business Loan
SBA loans in California are hard to find these days. We take a look at one California SBA loan, provided by a California bank, that was approved by the SBA.
This small business, based in Lomita, California, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Innovative Bank. We've got the inside scoop on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: THEATER COMPANIES AND DINNER THEATERS
LOMITA, CA 90717
SBA Loan Lender
INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612
This 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
711110 - Theater Companies and Dinner Theaters
Loan Approval Date
12/19/2007
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
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 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you have been wondering how do i get money to start a business in Lomita CA, you ought to talk with a local Lomita SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lomita businesses.
We can help you find the best banks for small businesses in Lomita 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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