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April 27, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Mirae Bank Los Angeles Business Loans > Drycleaning Plants Loan | ||||
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CA Small Business Loans from Mirae Bank
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Mirae Bank SBA Loan to Drycleaning Plants CompanyMirae Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Mirae Bank, out of Los Angeles, California. The loan was granted and they received $300,000 to help grow their Dublin, California business. SBA Loan Borrower COMPANY TYPE: DRYCLEANING PLANTS SBA Loan Lender MIRAE BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7216 - Drycleaning Plants NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 7/13/2004 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. 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 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Mirae Bank and they will explain how you can get an SBA loan for your company. 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: Small Bank Loans in Los Angeles, California Where to Get an SBA Loan California
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