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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Huntington Beach, Business Loans > First Bank Huntington Beach Business Loans > Nondurable Goods Loan | ||||
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Huntington Beach Bank Loan
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Entrepreneur Works With Huntington Beach, California Bank to Get an SBA LoanThinking about meeting with a Huntington Beach, California bank about an SBA loan? Here's one California business loan, issued by a Huntington Beach bank, that was approved by the SBA. Applying for an SBA loan with First Bank worked out well for our friends at one local company in Santa Ana, California. The business was able to get an SBA loan for $524,200. Sweet! SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS SBA Loan Lender FIRST BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5199 - Nondurable Goods Loan Approval Date 7/24/2000 Loan Approval Gross Amount $524,200 Loan Approval from the SBA Of the total $524,200 loan amount, the SBA guaranteed $393,150. 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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: How Much Venture Capital Is There? Small Bank Loans in Huntington Beach, California
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