Monterey Acres, California Business Gets SBA-Guaranteed Funding from Cathay Bank

An SBA loan from Cathay Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Monterey Acres, California business owner got a $130,000 loan.

Getting a small business loan in Monterey Acres, California was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Cathay Bank, operating out of Alhambra, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: BOOK, PERIODICAL, AND NEWSPAPER WHOLESALERS
MONTEREY ACRES, CA 91754

SBA Loan Lender

CATHAY BANK
1420 E VALLEY BLVD
ALHAMBRA, CA 91801

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422920 - Book, Periodical, and Newspaper Wholesalers

Loan Approval Date

6/27/2001

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

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 22 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 22 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Monterey Acres CA, you ought to talk with a local Monterey Acres SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Monterey Acres 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 Cathay 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:

Getting a Small Business Loan

Where to Get an SBA Loan in Alhambra, California

SBA Lenders in California