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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Monterey Park, Business Loans > Gbc International Bank Monterey Park Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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SBA Lender Los Angeles California
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Loans for Coin-Operated Laundries and DrycleanersLooking for loans for coin-operated laundries and drycleaners? The SBA may be the answer. This $150,000 coin-operated laundries and drycleaners loan was issued by a California bank. Getting a small business loan in Los Angeles, California was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Gbc International Bank, operating out of Monterey Park, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender GBC INTERNATIONAL BANK This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 1/3/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Gbc International Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Family and Friend Investors - Your First Financiers Best Monterey Park, California Banks for Small Business
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