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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Monterey Park, Business Loans > Gbc International Bank Monterey Park Business Loans > Durable Goods Loan | ||||
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Best Banks for Vernon, California Small Business Owners
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Borrowing Money for Durable Goods WholesalersLooking for loans for durable goods wholesalers? The SBA may be the answer. This $50,000 durable goods wholesalers loan was issued by a California bank. This small firm knew how to go about getting a business bank loan. Based in Vernon, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Gbc International Bank, based in Monterey Park, California. SBA Loan Borrower COMPANY TYPE: DURABLE GOODS SBA Loan Lender GBC INTERNATIONAL BANK This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5099 - Durable Goods NAICS Code 421990 - Durable Goods Wholesalers Loan Approval Date 2/16/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $40,000. 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 10 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Accountant's Role in Securing Financing SBA Approved Banks in Monterey Park, California
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