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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > Union Bank Of California San Francisco Business Loans > Lessors Of Real Estate Property Loan | ||||
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Who Lends Money to Santa Monica Entrepreneurs
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Growing Company Gets a California Small Business LoanCaliforniaBank loans are available to California firms through the SBA. In this case, a California bank provides the loan. You can learn something about getting a small business loan in Santa Monica, California by studying this loan to a local company, made back in 2005. Banks like Union Bank Of California may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: LESSORS OF REAL ESTATE PROPERTY SBA Loan Lender UNION BANK OF CALIFORNIA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531190 - Lessors of Real Estate Property Loan Approval Date 1/26/2005 Loan Approval Gross Amount $1,395,000 Loan Approval from the SBA Of the total $1,395,000 loan amount, the SBA guaranteed $1,046,250. 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 70 employees. The SBA loan application for the borrower indicated that the loan would help retain 70 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Santa Monica or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Banking Deregulation's Effects on Entrepreneurship Best Banks in San Francisco, California
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