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May 5, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Wilshire State Bank Los Angeles Business Loans > Grocery And Related Products Merchant Wholesalers Loan | ||||
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Wilshire State Bank Small Business Loan
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Grocery and Related Products Merchant Wholesalers Business LoansLooking for business loans for grocery and related products merchant wholesalers? An SBA loan may be just what you've been looking for. This $1,071,000 grocery and related products merchant wholesalers loan was issued by a California bank. Getting a small business loan in Santa Fe Springs, California was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Wilshire State Bank, operating out of Los Angeles, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY AND RELATED PRODUCTS MERCHANT WHOLESALERS SBA Loan Lender WILSHIRE STATE BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424490 - Grocery and Related Products Merchant Wholesalers Loan Approval Date 7/31/2006 Loan Approval Gross Amount $1,071,000 Loan Approval from the SBA Of the total $1,071,000 loan amount, the SBA guaranteed $803,250. 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 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Next Steps for Getting an SBA Loan If you are raising money in Santa Fe Springs CA, you ought to talk with a local Santa Fe Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Santa Fe Springs businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wilshire State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 for Los Angeles, California Loans
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