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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Encino, Business Loans > First Private Bank & Trust Encino Business Loans > Servpro Of Woodland Hills And Loan | ||||
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Los Angeles, California Bank for SBA Loans
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First Private Bank & Trust Provides SBA Loan to Buy Servpro FranchiseNeed money to purchase a Servpro franchise? First Private Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Los Angeles, California needed money to invest in a Servpro franchise back in 2007. First Private Bank & Trust issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower SERVPRO OF WOODLAND HILLS AND SBA Loan Lender FIRST PRIVATE BANK & TRUST This lender provides SBA commercial 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 561790 - Services to Buildings and Dwellings Loan Approval Date 4/11/2007 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Determining Proper Capital Structure for a Business SBA Participating Banks in Encino, California
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