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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rancho Santa Margarit, Business Loans > South Cnty Bank Rancho Santa Margarit Business Loans > Carpet And Rug Mills Loan | ||||
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Small Business Banks for Gardena, California Small Business Owners
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Raising Money for Carpet and Rug MillsWith these business loans for carpet and rug mills, the SBA guarantees the lender that the loan will be repaid. This carpet and rug mills loan for $560,000 was given to a California entrepreneur in 2006. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with South Cnty Bank, out of Rancho Santa Margarit, California. The loan was granted and they received $560,000 to help grow their Gardena, California business. SBA Loan Borrower COMPANY TYPE: CARPET AND RUG MILLS SBA Loan Lender SOUTH CNTY 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 314110 - Carpet and Rug Mills Loan Approval Date 11/6/2006 Loan Approval Gross Amount $560,000 Loan Approval from the SBA Of the total $560,000 loan amount, the SBA guaranteed $420,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help retain 11 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $560,000. How would you spend $560,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Accountant's Role in Securing Financing Best Rancho Santa Margarit, California Banks for Small Business Browse All Business Loan Sources for California
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