Los Angeles, California Business Gets SBA-Guaranteed Funding from Community Bank
Community Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Community Bank, out of Pasadena, California. The loan was granted and they received $25,000 to help grow their Los Angeles, California business.
SBA Loan Borrower
COMPANY TYPE: FAMILY CLOTHING STORES
LOS ANGELES, CA 90048
SBA Loan Lender
COMMUNITY BANK
790 E COLORADO BLVD
PASADENA, CA 91101
This SBA 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.
SIC Code
5651 - Family Clothing Stores
NAICS Code
448140 - Family Clothing Stores
Loan Approval Date
5/12/2000
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $20,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $25,000 loan. Remember, you control your own destiny.
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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Best Banks for Small Business in Pasadena, California
California SBA 7A Banks