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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pasadena, Business Loans > East West Bank Pasadena Business Loans > Maaco Enterprises Inc Loan | ||||
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Small Business Banks for Torrance, California Business Owners
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Torrance, CA Entrepreneur Gets SBA Loan to Buy Maaco Auto Painting Center FranchiseBorrowing money to purchase a Maaco Auto Painting Center franchise? East West Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Torrance, California needed money to invest in a Maaco Auto Painting Center franchise back in 2004. East West Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower MAACO ENTERPRISES INC SBA Loan Lender EAST WEST 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 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 9/8/2004 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $180,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Maaco Auto Painting Center franchise. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help retain 11 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 in Pasadena, California SBA Participating Banks in California
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