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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Culver City, Business Loans > Alliance Bank Culver City Business Loans > Colleges, Universities, And Professional Schools Loan | ||||
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I Need a Loan in Long Beach, California
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Colleges, Universities, and Professional Schools Small Business LoansLooking for small business loans for colleges, universities, and professional schools? An SBA loan may be just what you've been looking for. This $699,000 colleges, universities, and professional schools loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Long Beach, California was able to borrow $699,000 from Alliance Bank. The SBA made the loan possible by guaranteeing $524,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: COLLEGES, UNIVERSITIES, AND PROFESSIONAL SCHOOLS SBA Loan Lender ALLIANCE 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 611310 - Colleges, Universities, and Professional Schools Loan Approval Date 11/25/2002 Loan Approval Gross Amount $699,000 Loan Approval from the SBA Of the total $699,000 loan amount, the SBA guaranteed $524,250. 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 12 employees. The loan application indicated that the loan would help retain 12 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a business in Long Beach CA, you ought to talk with a local Long Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Long Beach businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Participating Banks in Culver City, California SBA Participating Banks in California
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