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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pasadena, Business Loans > Community Bank Pasadena Business Loans > Books, Periodicals, And Newspapers Loan | ||||
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Pasadena, California SBA 7A Banks
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Pasadena, California Bank Gives SBA Loan to Books, Periodicals, And Newspapers CompanyThinking about meeting with a Pasadena, California bank about a business loan? Here's one California business loan, issued by a Pasadena bank, that was approved by the SBA. Applying for an SBA loan with Community Bank worked out well for our friends at one local company in Los Angeles, California. The business was able to get an SBA loan for $150,000. Awesome! SBA Loan Borrower COMPANY TYPE: BOOKS, PERIODICALS, AND NEWSPAPERS SBA Loan Lender COMMUNITY BANK This commercial 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. SIC Code 5192 - Books, Periodicals, and Newspapers NAICS Code 422110 - Printing and Writing Paper Wholesalers Loan Approval Date 2/21/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Banks in Pasadena, California
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