SBA Loan from Fullerton Community Bank, Fsb Helps Secondary Market Financing Company
An SBA loan from Fullerton Community Bank, Fsb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Long Beach, California business owner got a $540,000 loan.
This small firm knew how to go about getting a business bank loan. Based in Long Beach, California, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Fullerton Community Bank, Fsb, based in Fullerton, California.
SBA Loan Borrower
COMPANY TYPE: SECONDARY MARKET FINANCING
LONG BEACH, CA 90810
SBA Loan Lender
FULLERTON COMMUNITY BANK, FSB
200 W COMMONWEALTH AVE
FULLERTON, CA 92832
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
522294 - Secondary Market Financing
Loan Approval Date
12/8/2004
Loan Approval Gross Amount
$540,000
Loan Approval from the SBA
Of the total $540,000 loan amount, the SBA guaranteed $405,000.
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 51 employees. The SBA loan documents indicated that the loan would help retain 51 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Fullerton Community Bank, Fsb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Fullerton Community Bank, Fsb 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:
Obtaining Funding - Getting Venture Capital
SBA 7A Lenders in Fullerton, California
Where to Get an SBA Loan California