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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Victorville, Business Loans > East West Bank, A Division Of Victorville Business Loans > General Automotive Repair Loan | ||||
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How to Get SBA Loans in Victorville, California
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Loans for General Automotive RepairLooking for loans for general automotive repair? An SBA loan may be just what you've been looking for. This $166,000 general automotive repair loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Victorville, California was able to borrow $166,000 from East West Bank, A Division Of. The SBA made the loan possible by guaranteeing $124,500 of this California small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender EAST WEST BANK, A DIVISION OF 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 811111 - General Automotive Repair Loan Approval Date 10/18/2000 Loan Approval Gross Amount $166,000 Loan Approval from the SBA Of the total $166,000 loan amount, the SBA guaranteed $124,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help create 2 new jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $166,000. How would you spend $166,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks in Victorville, California
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