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April 24, 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 > Motor Vehicle Towing Loan | ||||
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California SBA Banks
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Culver City, California Bank Gives SBA Loan to Motor Vehicle Towing CompanyGet to know Culver City, California banks that specialize in SBA loans and know how to work with entrepreneurs. Alliance Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Long Beach, California starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Alliance Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE TOWING SBA Loan Lender ALLIANCE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488410 - Motor Vehicle Towing Loan Approval Date 6/7/2002 Loan Approval Gross Amount $253,000 Loan Approval from the SBA Of the total $253,000 loan amount, the SBA guaranteed $189,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money 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 Alliance 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: SBA Participating Banks in Culver City, California
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