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April 18, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Fe Springs, Business Loans > East West Bank Santa Fe Springs Business Loans > Ophthalmic Goods Wholesalers Loan | ||||
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California Bank SBA Loans
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Fullerton, California Business Gets SBA-Guaranteed Funding from East West BankAn SBA loan from East West Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fullerton, California business owner got a $150,000 loan. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with East West Bank, out of Santa Fe Springs, California. The loan was granted and they received $150,000 to help grow their Fullerton, California business. SBA Loan Borrower COMPANY TYPE: OPHTHALMIC GOODS WHOLESALERS SBA Loan Lender EAST WEST BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421460 - Ophthalmic Goods Wholesalers Loan Approval Date 4/28/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Raising VC Money for Social Networking Companies Small Bank Loans in Santa Fe Springs, California
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