 |
 |
April 26, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > Newport Beach, Business Loans > Orange County Business Bank Newport Beach Business Loans > No Industry Type Specified Loan | ||||
 |
||||
Orange County Business Bank SBA Loan
|
||||
 |
Orange County Business Bank SBA Loan to No Industry Type Specified CompanyAn SBA loan from Orange County Business Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Irvine, California business owner got a $600,000 loan. Getting a small business loan in Irvine, California was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Orange County Business Bank, operating out of Newport Beach, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED SBA Loan Lender ORANGE COUNTY BUSINESS BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code Loan Approval Date 5/22/2007 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. 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 550 employees. The loan application indicated that the loan would help generate 50 new jobs and retain 550 existing jobs. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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. Related Links: Obtaining Funding - How to Borrow Money Best Banks for Small Business in Newport Beach, California
|
|
||
|
||||
|
|
||||