Loan Census Banking News and Information
July 24, 2024  
 
 
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Los Angeles, California SBA Lenders

 

 
Loan Census SBA Loan Info

Los Angeles, California Bank Gives SBA Loan to Car Washes Company

Find Los Angeles, California banks that specialize in SBA loans and know how to work with entrepreneurs. Saehan Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Lawndale, California starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Saehan Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
LAWNDALE, CA 90260

SBA Loan Lender

SAEHAN BANK
3580 WILSHIRE BLVD, STE 1500
LOS ANGELES, CA 90010

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

811192 - Car Washes

Loan Approval Date

7/24/2003

Loan Approval Gross Amount

$1,330,000

Loan Approval from the SBA

Of the total $1,330,000 loan amount, the SBA guaranteed $997,500.

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 22 employees. The SBA loan documents indicated that the loan would help retain 22 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Lawndale CA, you ought to talk with a local Lawndale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lawndale businesses.

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 Saehan 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:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Los Angeles, California

California SBA 7A Banks