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April 28, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Los Angeles, Business Loans > Saehan Bank Los Angeles Business Loans > Full-Service Restaurants Loan | ||||
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SBA Lender Los Angeles
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Los Angeles, California Bank Gives SBA Loan to Full-Service Restaurants CompanyThinking about meeting with a Los Angeles, California bank about a business loan? Here's one North Carolina business loan, issued by a Los Angeles bank, that was approved by the SBA. Applying for an SBA loan with Saehan Bank worked out well for our friends at one local firm in Charlotte, North Carolina. The business was able to get an SBA loan for $770,000. Great job! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender SAEHAN BANK 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 722110 - Full-Service Restaurants Loan Approval Date 7/25/2007 Loan Approval Gross Amount $770,000 Loan Approval from the SBA Of the total $770,000 loan amount, the SBA guaranteed $577,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Who Lends Money to Small Businesses in Los Angeles, California Where to Get an SBA Loan California
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