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May 1, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Center Bank Los Angeles Business Loans > General Line Grocery Wholesalers Loan | ||||
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SBA Lender Los Angeles California
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Financing for General Line Grocery WholesalersLooking for commercial loans for general line grocery wholesalers? Talk to a banker who works with the SBA. This $805,000 general line grocery wholesalers loan was issued by a California bank. This small business knew how to go about getting a business bank loan. Based in Los Angeles, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Center Bank, based in Los Angeles, California. SBA Loan Borrower COMPANY TYPE: GENERAL LINE GROCERY WHOLESALERS SBA Loan Lender CENTER BANK 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 422410 - General Line Grocery Wholesalers Loan Approval Date 10/30/2001 Loan Approval Gross Amount $805,000 Loan Approval from the SBA Of the total $805,000 loan amount, the SBA guaranteed $603,750. 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 14 employees. The SBA loan application for the borrower indicated that the loan would help retain 14 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This SBA loan was for $805,000. How would you spend $805,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Los Angeles, California Banks for Small Business Where to Get an SBA Loan California
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