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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Long Beach, Business Loans > Internatl City Bank Long Beach Business Loans > Transportation Services Loan | ||||
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Los Angeles Small Business Loans from Internatl City Bank
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Internatl City Bank SBA Loan to Transportation Services CompanyInternatl City Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them. This small firm knew how to go about getting a business bank loan. Based in Los Angeles, California, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Internatl City Bank, based in Long Beach, California. SBA Loan Borrower COMPANY TYPE: TRANSPORTATION SERVICES SBA Loan Lender INTERNATL CITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4789 - Transportation Services NAICS Code 488999 - Support Activities for Transportation Loan Approval Date 10/26/2000 Loan Approval Gross Amount $870,000 Loan Approval from the SBA Of the total $870,000 loan amount, the SBA guaranteed $652,500. 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 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a business in Los Angeles CA, you ought to talk with a local Los Angeles SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Los Angeles businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Internatl City Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Internatl City Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA Approved Banks in Long Beach, California Browse All Business Loan Sources for California
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