Alhambra, California Bank Lends Money to Furniture Merchant Wholesalers Company in Pomona, California

Thinking about meeting with an Alhambra, California bank about a small business loan? Here's one California business loan, issued by an Alhambra bank, that was approved by the SBA.

Applying for an SBA loan with Cathay Bank worked out well for our friends at one local firm in Pomona, California. They received an SBA loan for $158,000. Nice!

SBA Loan Borrower

COMPANY TYPE: FURNITURE MERCHANT WHOLESALERS
POMONA, CA 91766

SBA Loan Lender

CATHAY BANK
1420 E VALLEY BLVD
ALHAMBRA, CA 91801

This lender provides SBA debt financing 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

423210 - Furniture Merchant Wholesalers

Loan Approval Date

9/30/2003

Loan Approval Gross Amount

$158,000

Loan Approval from the SBA

Of the total $158,000 loan amount, the SBA guaranteed $127,500.

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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My 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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cathay Bank and they will explain how you can get an SBA loan for your company.

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:

Obtaining Funding - How to Borrow Money

Small Bank Loans in Alhambra, California

SBA California Lenders