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May 6, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Cathay Bank Los Angeles Business Loans > Used Household And Office Goods Moving Loan | ||||
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How to Get SBA Loans in Van Nuys, California
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Business Loans for Used Household and Office Goods MovingLooking for business loans for used household and office goods moving? An SBA loan may be just what you've been looking for. This $1,330,000 used household and office goods moving loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Van Nuys, California, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Cathay Bank, based in Los Angeles, California. SBA Loan Borrower COMPANY TYPE: USED HOUSEHOLD AND OFFICE GOODS MOVING SBA Loan Lender CATHAY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484210 - Used Household and Office Goods Moving Loan Approval Date 6/16/2003 Loan Approval Gross Amount $1,330,000 Loan Approval from the SBA Of the total $1,330,000 loan amount, the SBA guaranteed $997,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cathay Bank and they will explain how you can get an SBA loan for your company. 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 Banks in Los Angeles, California
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