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December 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Center Bank Los Angeles Business Loans > Service Establishment Equipment And Supplies Wholesalers Loan | ||||
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Paramount, California Bank Loan
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Paramount, California Entrepreneur Gets a Small Business LoanSBA loans in California are hard to find these days. We take a look at one California SBA loan, provided by a California bank, that was approved by the SBA. Getting a small business loan in Paramount, California was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Center Bank. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES WHOLESALERS SBA Loan Lender CENTER BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421850 - Service Establishment Equipment and Supplies Wholesalers Loan Approval Date 10/24/2001 Loan Approval Gross Amount $1,975,300 Loan Approval from the SBA Of the total $1,975,300 loan amount, the SBA guaranteed $999,896. 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 11 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 13 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks in Los Angeles, California
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