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April 18, 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 > Dentists Loan | ||||
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Business Loans for Westminster Small Business Owners
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Raising Money for DentistsLooking for business loans for dentists? Try the SBA. This $640,000 dentists loan was issued by a California bank. This small business knew how to go about getting a business bank loan. Based in Westminster, 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: DENTISTS SBA Loan Lender CATHAY BANK 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 621210 - Dentists Loan Approval Date 9/10/2003 Loan Approval Gross Amount $640,000 Loan Approval from the SBA Of the total $640,000 loan amount, the SBA guaranteed $480,000. 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. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Best Banks for Small Business in Los Angeles, California
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