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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Center Bank Los Angeles Business Loans > Men's And Boys' Cut And Sew Outerwear Manufacturing Loan | ||||
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SBA Lender Vernon California
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Men's and Boys' Cut and Sew Outerwear Manufacturing Bank LoansWith these bank loans for men's and boys' cut and sew outerwear manufacturing, the SBA guarantees the lender that the loan will be repaid. This men's and boys' cut and sew outerwear manufacturing loan for $100,000 was given to a California entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Vernon, California was able to borrow $100,000 from Center Bank. The SBA made the loan possible by guaranteeing $50,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: MEN'S AND BOYS' CUT AND SEW OUTERWEAR MANUFACTURING SBA Loan Lender CENTER BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 315228 - Men's and Boys' Cut and Sew Outerwear Manufacturing Loan Approval Date 12/23/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, if it to be, it is up to me! 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: Raising VC Money for Social Networking Companies SBA 7A Banks in Los Angeles, California
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