Los Angeles, California Entrepreneur Gets a Business Loan
Business loans in California are tough to come by these days. We take a look at one California business loan, provided by a California bank, that was approved by the SBA.
This business, based in Los Angeles, California, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Uniti Bank. We've got the inside scoop on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: MEAT MARKETS
LOS ANGELES, CA 90003
SBA Loan Lender
UNITI BANK
6301 BEACH BLVD, STE 100
BUENA PARK, CA 90621
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This 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
445210 - Meat Markets
Loan Approval Date
10/15/2002
Loan Approval Gross Amount
$236,000
Loan Approval from the SBA
Of the total $236,000 loan amount, the SBA guaranteed $177,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you want money for new small business in Los Angeles CA, you ought to talk with a local Los Angeles SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Los Angeles businesses.
We can help you find the best banks for small businesses in Los Angeles or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
The Art of Bootstrapping
Small Business Banks in Buena Park, California
Getting an SBA Loan in California