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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pasadena, Business Loans > East West Bank Pasadena Business Loans > Specialty Food Stores Loan | ||||
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Los Angeles, California Bank for SBA Loans
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Specialty Food Stores Business LoansLooking for business loans for specialty food stores? Try the SBA. This $204,000 specialty food stores loan was issued by a California bank. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with East West Bank, out of Pasadena, California. The loan was granted and they received $204,000 to help grow their Los Angeles, California business. SBA Loan Borrower COMPANY TYPE: SPECIALTY FOOD STORES SBA Loan Lender EAST WEST BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 8/1/2003 Loan Approval Gross Amount $204,000 Loan Approval from the SBA Of the total $204,000 loan amount, the SBA guaranteed $153,000. 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into East West Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Who Lends Money to Small Businesses in Pasadena, California
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