Rosemead, California Lender Lends Money to Architectural Services Company

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

Applying for an SBA loan with United Commercial Bank worked out well for our friends at one local firm in Santa Ana, California. They got an SBA loan for $277,800. Nice!

SBA Loan Borrower

COMPANY TYPE: ARCHITECTURAL SERVICES
SANTA ANA, CA 92705

SBA Loan Lender

UNITED COMMERCIAL BANK
8632 E VALLEY BLVD
ROSEMEAD, CA 91770

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

541310 - Architectural Services

Loan Approval Date

5/3/2002

Loan Approval Gross Amount

$277,800

Loan Approval from the SBA

Of the total $277,800 loan amount, the SBA guaranteed $208,350.

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 9 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into United Commercial Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Advice on Getting a Small Business Loan

SBA 7A Lenders in Rosemead, California

SBA California Banks