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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > El Monte, Business Loans > East West Bank El Monte Business Loans > Eating Places Loan | ||||
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California Bank SBA Loans
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East West Bank SBA Loan to Eating Places CompanySearching for a California SBA loan? Here's one California business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Covina, California, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was East West Bank, based in El Monte, California. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender EAST WEST BANK This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 7/6/2000 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $93,750. 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 15 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This company got an SBA loan. You can too! Maybe you want money for start up business? 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: SBA 7A Banks in El Monte, California SBA Participating Banks in California
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