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December 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Center Bank Los Angeles Business Loans > Magnetic And Optical Recording Media Manufacturing Loan | ||||
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California Small Business Funding
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Magnetic and Optical Recording Media Manufacturing Bank LoansLooking for bank loans for magnetic and optical recording media manufacturing? An SBA loan may be just what you've been looking for. This $75,000 magnetic and optical recording media manufacturing loan was issued by a California bank. This company knew how to go about getting a business bank loan. Based in Walnut, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Center Bank, based in Los Angeles, California. SBA Loan Borrower COMPANY TYPE: MAGNETIC AND OPTICAL RECORDING MEDIA MANUFACTURING SBA Loan Lender CENTER BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 334613 - Magnetic and Optical Recording Media Manufacturing Loan Approval Date 12/30/2004 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Center Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Best Banks for Small Business in Los Angeles, California
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