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April 27, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Saehan Bank Los Angeles Business Loans > J & M Food Service, Inc. Loan | ||||
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SBA 7A Banks for Rancho Cucamonga, California Businesses
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Saehan Bank Provides SBA Loan to Buy Nathan's Famous FranchiseBorrowing money to purchase a Nathan's Famous franchise? Saehan Bank has a history of making these loans and they are guaranteed by the SBA. Nathan's Famous franchise loans are available to Rancho Cucamonga, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Saehan Bank, based in Los Angeles, California, issued an SBA franchise loan for a Nathan's Famous franchise in 2005. We've got all the details on this California small business loan. SBA Loan Borrower J & M FOOD SERVICE, INC. SBA Loan Lender SAEHAN BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/2/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Nathan's Famous franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Saehan Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Saehan 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 7A Banks for Los Angeles, California Loans
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