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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Garden Grove, Business Loans > Us Metro Bank Garden Grove Business Loans > Caterers Loan | ||||
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CA Business Loan from Us Metro Bank
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West Hills, California Business Gets SBA-Guaranteed Funding from Us Metro BankUs Metro Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans. Getting a small business loan in West Hills, California was an essential business goal for this firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Us Metro Bank, operating out of Garden Grove, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: CATERERS SBA Loan Lender US METRO BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722320 - Caterers Loan Approval Date 10/18/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Us Metro Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Us Metro Bank 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: SBA Participating Banks in Garden Grove, California Getting an SBA Loan in California
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