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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Chatsworth, Business Loans > Telesis Community Cu Chatsworth Business Loans > Wood Office Furniture Manufacturing Loan | ||||
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Who Lends Money to Los Angeles Small Business Owners
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Telesis Community Cu Gives Bank Loan to Wood Office Furniture Manufacturing CompanyCaliforniaBank loans are available to California firms through the SBA. In this case, a California bank provides the loan. By giving the right information to Telesis Community Cu, this Los Angeles, California business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: WOOD OFFICE FURNITURE MANUFACTURING SBA Loan Lender TELESIS COMMUNITY CU The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 337211 - Wood Office Furniture Manufacturing Loan Approval Date 1/10/2003 Loan Approval Gross Amount $960,000 Loan Approval from the SBA Of the total $960,000 loan amount, the SBA guaranteed $720,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 22 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Telesis Community Cu are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Banks in Chatsworth, California
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