 |
 |
May 7, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Used Car Dealers Loan | ||||
 |
||||
Best Banks for Businesses in California
|
||||
 |
Firm Gets a California Bank LoanCaliforniaSmall business loans are available to California small business owners through the SBA. In this case, a Nevada bank provides the loan. Getting a small business loan in Palm Springs, California was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Washington Mutual Bank. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender WASHINGTON MUTUAL BANK The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 441120 - Used Car Dealers Loan Approval Date 2/22/2007 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Washington Mutual Bank and they will explain how you can get an SBA loan for your company. 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: Family and Friend Investors - Your First Financiers Best Banks for Small Business in Henderson, Nevada
|
|
||
|
||||
|
|
||||