Entrepreneur Works With Encino, California Bank to Get an SBA Loan
Get SBA loans from an Encino, California bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.
First Commerce Bank is a Encino, California small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a California company.
SBA Loan Borrower
COMPANY TYPE: AGENTS AND MANAGERS FOR ARTISTS, ATHLETES, ENTERTAINERS, AND PUBLIC FIGURES
HIDDEN HILLS, CA 91302
SBA Loan Lender
FIRST COMMERCE BANK
16861 VENTURA BLVD, STE 100
ENCINO, CA 91436
This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
711410 - Agents and Managers for Artists, Athletes, Entertainers, and Public Figures
Loan Approval Date
2/9/2006
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $175,000.
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 2 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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.
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