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April 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Hanmi Bank Los Angeles Business Loans > Grand Diamond Shell Loan | ||||
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Raising Money in West Covina, California With SBA Loans
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California Entrepreneur Secures Financing to Buy Shell Service Station FranchiseNeed a loan to purchase a Shell Service Station franchise? Hanmi Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Shell Service Station franchise may simply require a phone call to a local SBA banker. In 2000, Hanmi Bank issued an SBA franchise loan to an entrepreneur in West Covina, California. Because Shell Service Station was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower GRAND DIAMOND SHELL SBA Loan Lender HANMI BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations NAICS Code 447190 - Gasoline Stations Loan Approval Date 4/25/2000 Loan Approval Gross Amount $190,000 Loan Approval from the SBA Of the total $190,000 loan amount, the SBA guaranteed $142,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Shell Service Station franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $190,000 loan. Remember, where there is a will, there is a way! 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: Determining Proper Capital Structure for a Business SBA 7A Banks in Los Angeles, California
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