Los Angeles, California Bank Gives SBA Loan to Girls', Children's, And Infants' Outerwear Company

Get to know Los Angeles, California banks that specialize in SBA loans and know how to work with entrepreneurs. City National Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Los Angeles, California starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from City National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GIRLS', CHILDREN'S, AND INFANTS' OUTERWEAR
LOS ANGELES, CA 90021

SBA Loan Lender

CITY NATIONAL BANK
606 S OLIVE ST
LOS ANGELES, CA 90014

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.

SIC Code

2369 - Girls', Children's, and Infants' Outerwear

NAICS Code

315239 - Women's and Girls' Cut and Sew Outerwear Manufacturing

Loan Approval Date

5/15/2000

Loan Approval Gross Amount

$1,989,000

Loan Approval from the SBA

Of the total $1,989,000 loan amount, the SBA guaranteed $749,992.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 35 employees. This SBA loan request indicated that the loan would help generate 35 new jobs and retain 35 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Banking Deregulation's Effects on Entrepreneurship

Good Banks for Small Business in Los Angeles, California

Browse All Business Loan Sources for California