SBA Loan from Inland Commun Bank Helps Nursing Care Facilities Company

An SBA loan from Inland Commun Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Norwalk, California business owner got a $1,215,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Norwalk, California was able to borrow $1,215,000 from Inland Commun Bank. The SBA made the loan possible by guaranteeing $911,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: NURSING CARE FACILITIES
NORWALK, CA 90650

SBA Loan Lender

INLAND COMMUN BANK
1801 HUNTINGTON DR
DUARTE, CA 91010

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623110 - Nursing Care Facilities

Loan Approval Date

1/10/2003

Loan Approval Gross Amount

$1,215,000

Loan Approval from the SBA

Of the total $1,215,000 loan amount, the SBA guaranteed $911,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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