How to Get a Loan for Electrical Appliance, Television, and Radio Set Wholesalers

Looking for business loans for electrical appliance, television, and radio set wholesalers? The SBA may be the answer. This $537,400 electrical appliance, television, and radio set wholesalers loan was issued by a California bank.

This small business knew how to go about getting a business bank loan. Based in Walnut, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Cathay Bank, based in Alhambra, California.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL APPLIANCE, TELEVISION, AND RADIO SET WHOLESALERS
WALNUT, CA 91789

SBA Loan Lender

CATHAY BANK
1420 E VALLEY BLVD
ALHAMBRA, CA 91801

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421620 - Electrical Appliance, Television, and Radio Set Wholesalers

Loan Approval Date

3/8/2002

Loan Approval Gross Amount

$537,400

Loan Approval from the SBA

Of the total $537,400 loan amount, the SBA guaranteed $403,050.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We can help you find the best banks for small businesses in Walnut 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.

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