Rancho Cucamonga, California Entrepreneur Gets an SBA Loan
Would a California small business loan help your small business to grow and prosper? If so, you may want to talk with this California bank, which offers SBA loans to California entrepreneurs.
Getting a small business loan in Rancho Cucamonga, California was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from East West Bank. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: OPTICAL INSTRUMENT AND LENS MANUFACTURING
RANCHO CUCAMONGA, CA 91730
SBA Loan Lender
EAST WEST BANK
135 N LOS ROBLES AVE, 7TH FL
PASADENA, CA 91101
This lender provides SBA small 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
333314 - Optical Instrument and Lens Manufacturing
Loan Approval Date
6/22/2007
Loan Approval Gross Amount
$500,000
Loan Approval from the SBA
Of the total $500,000 loan amount, the SBA guaranteed $375,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 6 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 7 existing jobs.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
We can help you find the best banks for small businesses in Rancho Cucamonga or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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