Business Loan from Wilshire State Bank Given to Dentists Company
An SBA loan from Wilshire State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Los Angeles, California business owner got a $540,000 loan.
This growing company knew how to go about getting a business bank loan. Based in Los Angeles, California, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Wilshire State Bank, based in Los Angeles, California.
SBA Loan Borrower
COMPANY TYPE: DENTISTS
Los Angeles, CA 90004
SBA Loan Lender
WILSHIRE STATE BANK
3200 WILSHIRE BLVD
LOS ANGELES, CA 90010
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
621210 - Dentists
Loan Approval Date
2/17/2006
Loan Approval Gross Amount
$540,000
Loan Approval from the SBA
Of the total $540,000 loan amount, the SBA guaranteed $405,000.
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 loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.
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SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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.
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