Pasadena, California Bank Lends Money to Satellite Telecommunications Company in Thousand Palms, California

Get to know Pasadena, California banks that specialize in SBA loans and know how to work with entrepreneurs. East West Bank is one such bank, as evidenced by this SBA loan to a growing company.

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

SBA Loan Borrower

COMPANY TYPE: SATELLITE TELECOMMUNICATIONS
THOUSAND PALMS, CA 92276

SBA Loan Lender

EAST WEST BANK
135 N LOS ROBLES AVE, 7TH FL
PASADENA, CA 91101

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

513340 - Satellite Telecommunications

Loan Approval Date

1/19/2001

Loan Approval Gross Amount

$146,900

Loan Approval from the SBA

Of the total $146,900 loan amount, the SBA guaranteed $124,865.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from East West 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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