Commercial Loans for Support Services

Looking for commercial loans for support services? An SBA loan may be just what you've been looking for. This $279,900 support services loan was issued by a California bank.

Getting a small business loan in Maywood, California was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Banco Popular North America, operating out of Commerce, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPPORT SERVICES
MAYWOOD, CA 90270

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
6001 E WASHINGTON BLVD
COMMERCE, CA 90040

This SBA small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and a thorough understanding of SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561990 - Support Services

Loan Approval Date

1/8/2001

Loan Approval Gross Amount

$279,900

Loan Approval from the SBA

Of the total $279,900 loan amount, the SBA guaranteed $209,925.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 55 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Maywood or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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Good Banks for Small Business in Commerce, California

Getting an SBA Loan in California