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May 5, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Hanmi Bank Los Angeles Business Loans > Real Estate Agents And Brokers Loan | ||||
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How to Get SBA Loans in Covina, California
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How to Get a Loan for Real Estate Agents and BrokersWith these business loans for real estate agents and brokers, the SBA guarantees the lender that the loan will be repaid. This real estate agents and brokers loan for $157,000 was given to a California entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Covina, California was able to borrow $157,000 from Hanmi Bank. The SBA made the loan possible by guaranteeing $117,750 of this California small business loan. SBA Loan Borrower COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS SBA Loan Lender HANMI BANK 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 531210 - Real Estate Agents and Brokers Loan Approval Date 2/26/2001 Loan Approval Gross Amount $157,000 Loan Approval from the SBA Of the total $157,000 loan amount, the SBA guaranteed $117,750. 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 13 employees. The SBA loan documents indicated that the loan would help retain 13 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 $157,000 loan. Remember, you control your own destiny. 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 for Los Angeles, California Loans
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