Entrepreneur Works With Los Angeles, California Bank to Get an SBA Loan

Find Los Angeles, California banks that specialize in business loans and know how to work with entrepreneurs. Hanmi Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Sun Valley, California starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Hanmi Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
SUN VALLEY, CA 91352

SBA Loan Lender

HANMI BANK
3245 WILSHIRE BLVD
LOS ANGELES, CA 90010

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

6/30/2006

Loan Approval Gross Amount

$737,000

Loan Approval from the SBA

Of the total $737,000 loan amount, the SBA guaranteed $552,750.

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 36 employees. The SBA loan documents indicated that the loan would help retain 36 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Sun Valley CA, you ought to talk with a local Sun Valley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sun Valley businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Hanmi Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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