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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pasadena, Business Loans > East West Bank Pasadena Business Loans > Electronic Shopping And Mail-Order Houses Loan | ||||
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Get a Small Business Loan in Hermosa Beach, California
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Hermosa Beach, California Entrepreneur Gets a Business LoanLooking to get a California SBA loan? This California entrepreneur got an SBA loan, provided by a California bank that works with the SBA to help small business owners. Getting a small business loan in Hermosa Beach, California was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from East West Bank. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRONIC SHOPPING AND MAIL-ORDER HOUSES SBA Loan Lender EAST WEST BANK This SBA bank 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. NAICS Code 454110 - Electronic Shopping and Mail-Order Houses Loan Approval Date 3/11/2002 Loan Approval Gross Amount $91,000 Loan Approval from the SBA Of the total $91,000 loan amount, the SBA guaranteed $77,350. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. East West Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, East West Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Microlending as a Small Business Funding Source SBA 7A Banks in Pasadena, California Getting an SBA Loan in California
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