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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Huntington Beach, Business Loans > First Bank Huntington Beach Business Loans > Photographic Studios, Portrait Loan | ||||
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SBA Loan from First Bank
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Business Loan from First Bank Given to Photographic Studios, Portrait CompanyFirst 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 growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Bank, out of Huntington Beach, California. The loan was granted and they received $425,000 to help grow their San Diego, California business. SBA Loan Borrower COMPANY TYPE: PHOTOGRAPHIC STUDIOS, PORTRAIT SBA Loan Lender FIRST BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7221 - Photographic Studios, Portrait NAICS Code 541921 - Photography Studios, Portrait Loan Approval Date 5/23/2000 Loan Approval Gross Amount $425,000 Loan Approval from the SBA Of the total $425,000 loan amount, the SBA guaranteed $318,750. 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 application for the borrower indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. We can help you find the best banks for small businesses in San Diego 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. Related Links: SBA Participating Banks in Huntington Beach, California
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