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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Anaheim, Business Loans > Fullerton Community Bank, Fsb Anaheim Business Loans > Commercial Printing Loan | ||||
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Raising Money in Gardena, California With SBA Loans
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Gardena, California Entrepreneur Gets a Business LoanBusiness loans in California are are few and far betweeen these days. We take a look at one California business loan, provided by a California bank, that was approved by the SBA. Getting a small business loan in Gardena, California was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Fullerton Community Bank, Fsb. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender FULLERTON COMMUNITY BANK, FSB The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323119 - Commercial Printing Loan Approval Date 10/17/2000 Loan Approval Gross Amount $202,500 Loan Approval from the SBA Of the total $202,500 loan amount, the SBA guaranteed $151,875. 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 10 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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 $202,500 loan. Remember, where there is a will, there is a way! 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 Participating Banks in Anaheim, California
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