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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Westminster, Business Loans > First Vietnamese American Bank Westminster Business Loans > Child And Youth Services Loan | ||||
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SBA Lenders California
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Westminster, California Bank Gives SBA Loan to Child And Youth Services CompanyThinking about meeting with a Westminster, California bank about a small business loan? Here's one California business loan, issued by a Westminster bank, that was approved by the SBA. Applying for an SBA loan with First Vietnamese American Bank worked out well for our friends at one local firm in Pomona, California. The business was able to get an SBA loan for $251,500. Sweet! SBA Loan Borrower COMPANY TYPE: CHILD AND YOUTH SERVICES SBA Loan Lender FIRST VIETNAMESE AMERICAN BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624110 - Child and Youth Services Loan Approval Date 1/9/2008 Loan Approval Gross Amount $251,500 Loan Approval from the SBA Of the total $251,500 loan amount, the SBA guaranteed $188,625. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 7 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $251,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Business Banks in Westminster, California
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