Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

California SBA Lenders

 

 
Loan Census SBA Loan Info

City Of Industry, California Bank Lends Money to Store Retailers Company in Los Angeles, California

A City Of Industry, California business loan can be yours. Learn how one firm got a $365,500 business loan from this California bank.

This loan to a local firm is a good example of an SBA loan. United Pacific Bank made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
LOS ANGELES, CA 90044

SBA Loan Lender

UNITED PACIFIC BANK
1630 S AZUSA AVE
CITY OF INDUSTRY, CA 91748

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.

NAICS Code

453998 - Store Retailers

Loan Approval Date

11/30/2006

Loan Approval Gross Amount

$365,500

Loan Approval from the SBA

Of the total $365,500 loan amount, the SBA guaranteed $274,125.

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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and 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.

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:

Determining Proper Capital Structure for a Business

Best Banks in City Of Industry, California

Find an SBA Lender in California