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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Wilshire State Bank Los Angeles Business Loans > Furniture Stores Loan | ||||
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Los Angeles Bank Loan
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Los Angeles, California Lender Lends Money to Furniture Stores CompanyGet to know Los Angeles, California banks that specialize in business loans and know how to work with entrepreneurs. Wilshire State Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Orange, California starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Wilshire State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender WILSHIRE STATE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 2/27/2004 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. 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 3 employees. The loan application indicated that the funding would help generate 3 new jobs. Start the Process for Getting an SBA Loan Today! If you are raising money in Orange CA, you ought to talk with a local Orange SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Orange businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Wilshire State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Small Bank Loans in Los Angeles, California
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