Alhambra, California Bank Lends Money to Narrow Fabric Mills Company in San Gabriel, California

Want to talk 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 company in San Gabriel, California. They got an SBA loan for $100,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: NARROW FABRIC MILLS
SAN GABRIEL, CA 91776

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

313221 - Narrow Fabric Mills

Loan Approval Date

5/30/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 14 employees. The SBA loan application for the borrower indicated that the loan would help retain 14 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in San Gabriel CA, you ought to talk with a local San Gabriel SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Gabriel businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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