Los Angeles, California Bank Gives SBA Loan to Eating Places Company
Thinking about meeting with a Los Angeles, California bank about an SBA loan? Here's one Washington business loan, issued by a Los Angeles bank, that was approved by the SBA.
Applying for an SBA loan with Hanmi Bank worked out well for our friends at one local firm in Tacoma, Washington. They got an SBA loan for $1,030,000. Great job!
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
TACOMA, WA 98402
SBA Loan Lender
HANMI BANK
3660 WILSHIRE BLVD, PH-A
LOS ANGELES, CA 90010
This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
10/30/2000
Loan Approval Gross Amount
$1,030,000
Loan Approval from the SBA
Of the total $1,030,000 loan amount, the SBA guaranteed $749,995.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 20 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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