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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Wilmington, Business Loans > Lehman Brothers Bank, Fsb Wilmington Business Loans > Real Estate Agents And Brokers Loan | ||||
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SBA 7A Banks for Redondo Beach Business Owners
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Business Loans for Real Estate Agents and BrokersLooking for business loans for real estate agents and brokers? Try the SBA. This $604,000 real estate agents and brokers loan was issued by a Delaware bank. This small business knew how to go about getting a business bank loan. Based in Redondo Beach, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Lehman Brothers Bank, Fsb, based in Wilmington, Delaware. SBA Loan Borrower COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS SBA Loan Lender LEHMAN BROTHERS BANK, FSB As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531210 - Real Estate Agents and Brokers Loan Approval Date 9/13/2005 Loan Approval Gross Amount $604,000 Loan Approval from the SBA Of the total $604,000 loan amount, the SBA guaranteed $453,000. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Good Banks for Small Business in Wilmington, Delaware
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