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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Boston, Business Loans > Oneunited Bank Boston Business Loans > Eating Places Loan | ||||
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How to Get SBA Money in Marina Del Ray, California
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Oneunited Bank Gives Bank Loan to Eating Places CompanyWant a California bank loan? This California entrepreneur got a bank loan, provided by a Massachusetts bank that works with the SBA to help small business owners. Getting a small business loan in Marina Del Ray, California was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Oneunited Bank. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender ONEUNITED BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722310 - Food Service Contractors Loan Approval Date 11/8/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 22 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Marina Del Ray or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Determining Proper Capital Structure for a Business Small Business Banks in Boston, Massachusetts
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