Placentia, California Business Gets SBA-Guaranteed Funding from Hanmi Bank
Hanmi Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level.
This growing company knew how to go about getting a business bank loan. Based in Placentia, California, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Hanmi Bank, based in Los Angeles, California.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
PLACENTIA, CA 92870
SBA Loan Lender
HANMI BANK
3660 WILSHIRE BLVD, STE 103
LOS ANGELES, CA 90010
This lender provides SBA guaranteed bank 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
811192 - Car Washes
Loan Approval Date
7/23/2004
Loan Approval Gross Amount
$1,590,000
Loan Approval from the SBA
Of the total $1,590,000 loan amount, the SBA guaranteed $1,192,500.
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 43 employees. This SBA loan request indicated that the loan would help retain 43 existing jobs.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
This SBA loan was for $1,590,000. How would you spend $1,590,000 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:
The Art of Bootstrapping
Small Business Banks in Los Angeles, California
Getting an SBA Loan in California