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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rosemead, Business Loans > United Commercial Bank Rosemead Business Loans > Dentists Loan | ||||
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How to Get SBA Loans in Los Angeles, California
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Where to Get Capital for DentistsLooking for small business loans for dentists? Talk to a banker who works with the SBA. This $681,700 dentists loan was issued by a California bank. Getting a small business loan in Los Angeles, California was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from United Commercial Bank, operating out of Rosemead, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender UNITED COMMERCIAL 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 621210 - Dentists Loan Approval Date 11/26/2001 Loan Approval Gross Amount $681,700 Loan Approval from the SBA Of the total $681,700 loan amount, the SBA guaranteed $511,275. 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 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into United Commercial Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Banking Deregulation's Effects on Entrepreneurship Best Rosemead, California Banks for Small Business
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