Los Angeles, California Entrepreneur Gets a Business Loan
CaliforniaBank loans are available to California firms through the SBA. In this case, a California bank provides the loan.
You can learn something about getting a small business loan in Los Angeles, California by studying this loan to a local company, made back in 2007. Banks like City National Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: TELEPRODUCTION AND POSTPRODUCTION SERVICES
Los Angeles, CA 90025
SBA Loan Lender
CITY NATIONAL BANK
606 S OLIVE ST
LOS ANGELES, CA 90014
The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
512191 - Teleproduction and Postproduction Services
Loan Approval Date
12/28/2007
Loan Approval Gross Amount
$149,200
Loan Approval from the SBA
Of the total $149,200 loan amount, the SBA guaranteed $74,600.
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 20 employees. The SBA loan documents indicated that the loan would help retain 18 existing jobs.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from City National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Understanding Dilution
SBA Participating Banks in Los Angeles, California
SBA California Lenders