Entrepreneur Works With Manhattan Beach, California Bank to Get an SBA Loan
Find Manhattan Beach, California banks that specialize in SBA loans and know how to work with entrepreneurs. Beach Business Bank is one such bank, as evidenced by this SBA loan to one business.
Finding a small business loan in Manhattan Beach, California starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Beach Business Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: FRUIT AND VEGETABLE MARKETS
MANHATTAN BEACH, CA 90266
SBA Loan Lender
BEACH BUSINESS BANK
1230 ROSECRANS AVE, STE 100
MANHATTAN BEACH, CA 90266
This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
445230 - Fruit and Vegetable Markets
Loan Approval Date
7/5/2006
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $40,000.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 only one employee. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Beach Business Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Beach Business Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
Financing Your Business
SBA Approved Banks in Manhattan Beach, California
Browse All Business Loan Sources for California