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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Washington, Business Loans > Loans From Old Closed Lenders Washington Business Loans > Meat Packing Plants Loan | ||||
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Banks for Los Angeles Small Businesses
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Los Angeles, California Entrepreneur Gets a Business LoanLooking to get a California SBA loan? This California entrepreneur got an SBA loan, provided by a District of Columbia bank that works with the SBA to help small business owners. Getting a small business loan in Los Angeles, California was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Loans From Old Closed Lenders. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: MEAT PACKING PLANTS SBA Loan Lender LOANS FROM OLD CLOSED LENDERS 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. SIC Code 2011 - Meat Packing Plants NAICS Code 311611 - Animal Slaughtering Loan Approval Date 1/31/2000 Loan Approval Gross Amount $512,500 Loan Approval from the SBA Of the total $512,500 loan amount, the SBA guaranteed $384,375. 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 70 employees. The SBA loan documents indicated that the loan would help generate 70 new jobs and retain 70 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $512,500. How would you spend $512,500 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: Where to Get an SBA Loan in Washington, District of Columbia Getting an SBA Loan in District of Columbia
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