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April 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > El Monte, Business Loans > East West Bank El Monte Business Loans > Durable Goods Wholesalers Loan | ||||
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California SBA 7A Lenders
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El Monte, California Bank Gives SBA Loan to Durable Goods Wholesalers CompanyFind El Monte, California banks that specialize in business loans and know how to work with entrepreneurs. East West Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in City Of Industry, California starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from East West Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: DURABLE GOODS WHOLESALERS SBA Loan Lender EAST WEST BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421990 - Durable Goods Wholesalers Loan Approval Date 5/31/2001 Loan Approval Gross Amount $657,000 Loan Approval from the SBA Of the total $657,000 loan amount, the SBA guaranteed $492,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like East West Bank and they will explain how you can get an SBA loan for your company. 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? SBA 7A Banks in El Monte, California
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