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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Tarzana, Business Loans > East West Bank Tarzana Business Loans > Caterers Loan | ||||
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SBA Lender Los Angeles California
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Commercial Loans for CaterersWith these commercial loans for caterers, the SBA guarantees the lender that the loan will be repaid. This caterers loan for $100,000 was given to a California entrepreneur in 2002. This business knew how to go about getting a business bank loan. Based in Los Angeles, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was East West Bank, based in Tarzana, California. SBA Loan Borrower COMPANY TYPE: CATERERS SBA Loan Lender EAST WEST BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722320 - Caterers Loan Approval Date 5/24/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from East West Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Borrowing Money from Friends and Family Best Banks in Tarzana, California
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