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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Alhambra, Business Loans > Cathay Bank Alhambra Business Loans > Physicians, Mental Health Specialists Loan | ||||
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Cathay Bank Redondo Beach
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Business Loan from Cathay Bank Given to Physicians, Mental Health Specialists CompanyCathay Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Redondo Beach, California, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Cathay Bank, based in Alhambra, California. SBA Loan Borrower COMPANY TYPE: PHYSICIANS, MENTAL HEALTH SPECIALISTS SBA Loan Lender CATHAY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621112 - Physicians, Mental Health Specialists Loan Approval Date 9/19/2002 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. 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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA 7A Banks in Alhambra, California
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