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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Photographic Studios, Portrait Loan | ||||
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How to Get SBA Loans in Vernon, California
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Where to Get Capital for Photography Studios, PortraitWith these small business loans for photography studios, portrait, the SBA guarantees the lender that the loan will be repaid. This photography studios, portrait loan for $500,000 was given to a California entrepreneur in 2000. Getting a small business loan in Vernon, California was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Small Business Loan Source LLC, operating out of Houston, Texas. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: PHOTOGRAPHIC STUDIOS, PORTRAIT SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7221 - Photographic Studios, Portrait NAICS Code 541921 - Photography Studios, Portrait Loan Approval Date 2/18/2000 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company in Vernon CA, you ought to talk with a local Vernon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Vernon businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Small Business Loan Source LLC had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Small Business Loan Source LLC made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - Getting Venture Capital SBA Participating Banks in Houston, Texas Browse All Business Loan Sources for Texas
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