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November 21, 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 > Recyclable Material Wholesalers Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Where to Get Capital for Recyclable Material WholesalersLooking for SBA loans for recyclable material wholesalers? An SBA loan may be just what you've been looking for. This $750,000 recyclable material wholesalers loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Westminster, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Center Bank, based in Los Angeles, California. SBA Loan Borrower COMPANY TYPE: RECYCLABLE MATERIAL WHOLESALERS SBA Loan Lender CENTER BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421930 - Recyclable Material Wholesalers Loan Approval Date 11/1/2000 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $675,000. 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 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Westminster or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: How Much Venture Capital Is There? Best Los Angeles, California Banks for Small Business
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