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April 29, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Nara Bank Los Angeles Business Loans > Party Land Of Corona Loan | ||||
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Raising Money in Corona, California With SBA Loans
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Nara Bank Provides SBA Loan to Buy Partyland retail Party Goods FranchiseBorrowing money to buy a Partyland retail Party Goods franchise? Nara Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Partyland retail Party Goods franchise is doable. In 2003, Nara Bank issued an SBA franchise loan to an entrepreneur in Corona, California. Because Partyland retail Party Goods was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower PARTY LAND OF CORONA SBA Loan Lender NARA BANK This lender provides SBA debt financing 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 424990 - Nondurable Goods Merchant Wholesalers Loan Approval Date 4/15/2003 Loan Approval Gross Amount $1,275,000 Loan Approval from the SBA Of the total $1,275,000 loan amount, the SBA guaranteed $937,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Partyland retail Party Goods franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Nara Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 in Los Angeles, California SBA Participating Banks in California
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