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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Floor Covering Stores Loan | ||||
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California SBA 7A Lenders
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Beverly Hills, California Bank Lends Money to Floor Covering Stores Company in North Hollywood, CaliforniaThinking about meeting with a Beverly Hills, California bank about a business loan? Here's one California business loan, issued by a Beverly Hills bank, that was approved by the SBA. Applying for an SBA loan with Excel National Bank worked out well for our friends at one local company in North Hollywood, California. The business was able to get an SBA loan for $746,000. Nice! SBA Loan Borrower COMPANY TYPE: FLOOR COVERING STORES SBA Loan Lender EXCEL NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442210 - Floor Covering Stores Loan Approval Date 7/13/2005 Loan Approval Gross Amount $746,000 Loan Approval from the SBA Of the total $746,000 loan amount, the SBA guaranteed $559,500. 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 3 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Remember, you 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. This SBA loan was for $746,000. How would you spend $746,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Banks in Beverly Hills, California
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