Growing Company Gets a California Business Loan

Bank loans in California are are few and far betweeen these days. We take a look at one California bank loan, provided by a New York bank, that was approved by the SBA.

Getting a small business loan in Huntington Beach, California was a top priority for this loan applicant back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Banco Popular North America. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
HUNTINGTON BEACH, CA 92649

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541710 -

Loan Approval Date

2/14/2001

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 35 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 32 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Huntington Beach CA, you ought to talk with a local Huntington Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Huntington Beach businesses.

We can help you find the best banks for small businesses in Huntington Beach or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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