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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > National Bank Of California Los Angeles Business Loans > Radio, Television, And Electronics Stores Loan | ||||
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Business Loan from National Bank Of California
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Fullerton, California Business Gets SBA-Guaranteed Funding from National Bank Of CaliforniaAn SBA loan from National Bank Of California typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fullerton, California business owner got a $459,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fullerton, California was able to borrow $459,000 from National Bank Of California. The SBA made the loan possible by guaranteeing $344,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: RADIO, TELEVISION, AND ELECTRONICS STORES SBA Loan Lender NATIONAL BANK OF CALIFORNIA 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 443112 - Radio, Television, and Electronics Stores Loan Approval Date 2/20/2004 Loan Approval Gross Amount $459,000 Loan Approval from the SBA Of the total $459,000 loan amount, the SBA guaranteed $344,250. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National Bank Of California had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National Bank Of California 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: Obtaining Funding - How to Decide How Much to Raise Who Lends Money to Small Businesses in Los Angeles, California
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