Los Angeles, California Business Gets SBA-Guaranteed Funding from Premier Comm. Bank

An SBA loan from Premier Comm. Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Los Angeles, California business owner got a $437,000 loan.

Getting a small business loan in Los Angeles, California was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Premier Comm. Bank, operating out of Anaheim, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: CATERERS
LOS ANGELES, CA 90015

SBA Loan Lender

PREMIER COMM. BANK
2400 E KATELLA AVE, STE 125
ANAHEIM, CA 92806

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

722320 - Caterers

Loan Approval Date

9/27/2005

Loan Approval Gross Amount

$437,000

Loan Approval from the SBA

Of the total $437,000 loan amount, the SBA guaranteed $327,750.

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 20 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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