Financing for Store Retailers
Looking for commercial loans for store retailers? Try the SBA. This $176,000 store retailers loan was issued by a California bank.
This business knew how to go about getting a business bank loan. Based in Stanton, California, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was American Continental Bank, based in City Of Industry, California.
SBA Loan Borrower
COMPANY TYPE: STORE RETAILERS
STANTON, CA 90680
SBA Loan Lender
AMERICAN CONTINENTAL BANK
17700 CASTLETON ST, STE 100
CITY OF INDUSTRY, CA 91748
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
453998 - Store Retailers
Loan Approval Date
9/8/2006
Loan Approval Gross Amount
$176,000
Loan Approval from the SBA
Of the total $176,000 loan amount, the SBA guaranteed $132,000.
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 2 employees. This SBA loan request indicated that the funding would help create 2 new jobs.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like American Continental Bank and they will explain how you can get an SBA loan for your company.
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
SBA 7A Banks in City Of Industry, California
SBA Participating Banks in California