Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

What Does It Take to Get a Business Loan in Sherman Oaks, California?

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Pet Care Services

With these small business loans for pet care services, the SBA guarantees the lender that the loan will be repaid. This pet care services loan for $52,000 was given to a California entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Sherman Oaks, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Bank Of America, based in Charlotte, North Carolina.

SBA Loan Borrower

COMPANY TYPE: PET CARE SERVICES
SHERMAN OAKS, CA 91403

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812910 - Pet Care Services

Loan Approval Date

3/5/2007

Loan Approval Gross Amount

$52,000

Loan Approval from the SBA

Of the total $52,000 loan amount, the SBA guaranteed $26,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Sherman Oaks CA, you ought to talk with a local Sherman Oaks SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sherman Oaks businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Find Start-Up Capital

Banks in Charlotte, North Carolina

North Carolina SBA 7A Banks