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May 16, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Fruit And Vegetable Canning Loan | ||||
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Best Banks for Los Angeles Small Business Owners
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Los Angeles, California Entrepreneur Gets a Small Business LoanSmall business loans in California are hard to find these days. We take a look at one California small business loan, provided by a Nevada bank, that was approved by the SBA. Getting a small business loan in Los Angeles, California was a top priority for this small company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Washington Mutual Bank. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: FRUIT AND VEGETABLE CANNING SBA Loan Lender WASHINGTON MUTUAL BANK 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 311421 - Fruit and Vegetable Canning Loan Approval Date 7/6/2006 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 6 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Washington Mutual 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 Best Banks in Henderson, Nevada
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