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April 28, 2024  
 
 
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SBA Lender Los Angeles

 

 
Loan Census SBA Loan Info

Los Angeles, California Bank Gives SBA Loan to Golf Courses And Country Clubs Company

Thinking about meeting with a Los Angeles, California bank about an SBA loan? Here's one Georgia 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 company in Conyers, Georgia. They received an SBA loan for $1,817,500. Nice!

SBA Loan Borrower

COMPANY TYPE: GOLF COURSES AND COUNTRY CLUBS
CONYERS, GA 30013

SBA Loan Lender

SAEHAN BANK
3580 WILSHIRE BLVD, STE 1500
LOS ANGELES, CA 90010

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713910 - Golf Courses and Country Clubs

Loan Approval Date

11/16/2006

Loan Approval Gross Amount

$1,817,500

Loan Approval from the SBA

Of the total $1,817,500 loan amount, the SBA guaranteed $1,363,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My 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.

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 $1,817,500 loan. Remember, anyone can do it... so why not 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:

SBIR Funding

SBA 7A Banks for Los Angeles, California Loans

California SBA Bank Lenders