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April 17, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Tarzana, Business Loans > East West Bank Tarzana Business Loans > Medical, Dental And Hospital Equipment Loan | ||||
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Getting a Small Business Loan from East West Bank
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SBA Loan from East West Bank Helps Medical, Dental And Hospital Equipment CompanyAn SBA loan from East West Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hawaiian Gardens, California business owner got a $100,000 loan. Getting a small business loan in Hawaiian Gardens, California was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from East West Bank, operating out of Tarzana, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: MEDICAL, DENTAL AND HOSPITAL EQUIPMENT SBA Loan Lender EAST WEST BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5047 - Medical, Dental and Hospital Equipment NAICS Code 339114 - Dental Equipment and Supplies Manufacturing Loan Approval Date 11/6/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. 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 9 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Bank Loans in Tarzana, California Getting a Business Loan in California
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