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April 18, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Manhattan Beach, Business Loans > Beach Business Bank Manhattan Beach Business Loans > Custom Computer Programming Services Loan | ||||
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Banks Doing SBA Loans in California
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Manhattan Beach, California Bank Lends Money to Custom Computer Programming Services Company in Marina Del Rey, CaliforniaThinking about meeting with a Manhattan Beach, California bank about a business loan? Here's one California business loan, issued by a Manhattan Beach bank, that was approved by the SBA. Applying for an SBA loan with Beach Business Bank worked out well for our friends at one local company in Marina Del Rey, California. The business was able to get an SBA loan for $1,000,000. Awesome! SBA Loan Borrower COMPANY TYPE: CUSTOM COMPUTER PROGRAMMING SERVICES SBA Loan Lender BEACH BUSINESS BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541511 - Custom Computer Programming Services Loan Approval Date 1/25/2008 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 30 employees. The SBA loan documents indicated that the loan would help retain 30 existing jobs. Getting an SBA Loan For Your Business If you need money to start business in Marina Del Rey CA, you ought to talk with a local Marina Del Rey SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marina Del Rey businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,000,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Banks for Small Business in Manhattan Beach, California
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