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April 30, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Nara Bank Los Angeles Business Loans > Nursing Care Facilities Loan | ||||
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I Need a Business Loan in Downey, California
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Nursing Care Facilities Bank LoansLooking for bank loans for nursing care facilities? Try the SBA. This $506,000 nursing care facilities loan was issued by a California bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Nara Bank, out of Los Angeles, California. The loan was granted and they received $506,000 to help grow their Downey, California business. SBA Loan Borrower COMPANY TYPE: NURSING CARE FACILITIES SBA Loan Lender NARA 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 623110 - Nursing Care Facilities Loan Approval Date 12/23/2002 Loan Approval Gross Amount $506,000 Loan Approval from the SBA Of the total $506,000 loan amount, the SBA guaranteed $379,500. 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 25 employees. The SBA loan documents indicated that the loan would help retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 $506,000 loan. Remember, fight for what you want, and it will be yours! 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: Family and Friend Investors - Your First Financiers SBA 7A Banks in Los Angeles, California
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