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March 28, 2024  
 
 
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SBA Lenders for City Of Industry (industry) Small Business Owners

 

 
Loan Census SBA Loan Info

Borrowing Money for Meat and Meat Product Merchant Wholesalers

With these bank loans for meat and meat product merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This meat and meat product merchant wholesalers loan for $110,000 was given to a California entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in City Of Industry (industry), California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was East West Bank, based in Pasadena, California.

SBA Loan Borrower

COMPANY TYPE: MEAT AND MEAT PRODUCT MERCHANT WHOLESALERS
CITY OF INDUSTRY (INDUSTRY), CA 91790

SBA Loan Lender

EAST WEST BANK
135 N LOS ROBLES AVE, 7TH FL
PASADENA, CA 91101

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

424470 - Meat and Meat Product Merchant Wholesalers

Loan Approval Date

2/14/2007

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

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 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 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.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

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