Business Loan from Pacific Western Bank Given to Real Estate Agents And Brokers Company

An SBA loan from Pacific Western Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Manhattan Beach, California business owner got a $1,170,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Manhattan Beach, California, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Pacific Western Bank, based in Rosemead, California.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS
MANHATTAN BEACH, CA 90266

SBA Loan Lender

PACIFIC WESTERN BANK
8941 E VALLEY BLVD
ROSEMEAD, CA 91770

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

6/11/2002

Loan Approval Gross Amount

$1,170,000

Loan Approval from the SBA

Of the total $1,170,000 loan amount, the SBA guaranteed $877,500.

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 10 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Obtaining Funding - How to Borrow Money

Good Banks for Small Business in Rosemead, California

SBA Participating Banks in California