Entrepreneur Works With Burbank, California Bank to Get an SBA Loan

Want to talk with a Burbank, California bank about an SBA loan? Here's one California business loan, issued by a Burbank bank, that was approved by the SBA.

Applying for an SBA loan with Lockheed Fcu worked out well for our friends at one local company in Studio City, California. The business was able to get an SBA loan for $205,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: DENTISTS
STUDIO CITY, CA 91604

SBA Loan Lender

LOCKHEED FCU
2340 HOLLYWOOD WAY
BURBANK, CA 91505

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Dentists

Loan Approval Date

4/30/2007

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Studio City 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.

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Getting an SBA Loan in California