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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pasadena, Business Loans > Professional Business Bank Pasadena Business Loans > General Automotive Repair Loan | ||||
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SBA Lenders for La Canada Entrepreneurs
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Getting an SBA Loan for General Automotive RepairLooking for commercial loans for general automotive repair? Try the SBA. This $1,271,200 general automotive repair loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in La Canada, California was able to borrow $1,271,200 from Professional Business Bank. The SBA made the loan possible by guaranteeing $953,400 of this California small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender PROFESSIONAL BUSINESS BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 7/7/2005 Loan Approval Gross Amount $1,271,200 Loan Approval from the SBA Of the total $1,271,200 loan amount, the SBA guaranteed $953,400. 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 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs. Getting an SBA Loan For Your Business If you need business start up money in La Canada CA, you ought to talk with a local La Canada SBA lender or talk with an out-of-area SBA lender that has previously loaned money to La Canada businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Professional Business Bank and they will explain how you can get an SBA loan for your company. 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: Determining Proper Capital Structure for a Business SBA Banks in Pasadena, California Find an SBA Lender in California
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