Small Business Loan Source LLC Gives Business Loan to Florists Company
Small business loans in California are tough to come by these days. We take a look at one California small business loan, provided by a Texas bank, that was approved by the SBA.
Getting a small business loan in Los Angeles, California was a top priority for this small company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Small Business Loan Source LLC. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: FLORISTS
LOS ANGELES, CA 90003
SBA Loan Lender
SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453110 - Florists
Loan Approval Date
2/3/2006
Loan Approval Gross Amount
$741,000
Loan Approval from the SBA
Of the total $741,000 loan amount, the SBA guaranteed $555,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Small Business Loan Source LLC and they will explain how you can get an SBA loan for your company.
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:
Advice on Getting a Small Business Loan
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Texas SBA 7A Banks