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April 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Glendale, Business Loans > World Trade Finance, Inc. Glendale Business Loans > No Industry Type Specified Loan | ||||
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California Bank SBA Loans
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World Trade Finance, Inc. SBA Loan to No Industry Type Specified CompanyLooking to get a California business loan? Here's one California business loan that was approved by the SBA. This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with World Trade Finance, Inc., out of Glendale, California. The loan was granted and they received $600,000 to help grow their Santa Ana, California business. SBA Loan Borrower COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED SBA Loan Lender WORLD TRADE FINANCE, INC. The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code Loan Approval Date 10/28/2005 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $540,000. 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 10 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Family and Friend Investors - Your First Financiers SBA Participating Banks in Glendale, California
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