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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Ana, Business Loans > American Security Bank Santa Ana Business Loans > Professional Sports Clubs And Promoters Loan | ||||
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California Bank SBA Loans
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American Security Bank SBA Loan to Professional Sports Clubs And Promoters CompanySearching for a California SBA loan? Here's one California business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Montclair, California was able to borrow $50,000 from American Security Bank. The SBA made the loan possible by guaranteeing $40,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: PROFESSIONAL SPORTS CLUBS AND PROMOTERS SBA Loan Lender AMERICAN SECURITY BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7941 - Professional Sports Clubs and Promoters Loan Approval Date 7/10/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $40,000. 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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 7A Banks in Santa Ana, California
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