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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Cathay Bank Los Angeles Business Loans > Poultry Processing Loan | ||||
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How to Get SBA Loans in Los Angeles, California
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Where to Get Capital for Poultry ProcessingLooking for SBA loans for poultry processing? The SBA may be the answer. This $1,260,000 poultry processing loan was issued by a California bank. This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Cathay Bank, out of Los Angeles, California. The loan was granted and they received $1,260,000 to help grow their Los Angeles, California business. SBA Loan Borrower COMPANY TYPE: POULTRY PROCESSING SBA Loan Lender CATHAY BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311615 - Poultry Processing Loan Approval Date 6/17/2003 Loan Approval Gross Amount $1,260,000 Loan Approval from the SBA Of the total $1,260,000 loan amount, the SBA guaranteed $789,390. 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 40 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 40 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Cathay Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Banks in Los Angeles, California
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