At GBC International Bank, Small Loan Advantage is available. The loans can be used to help small businesses and entrepreneurs with the capital to drive economic growth and create jobs. With the application and pre-qualification indication from SBA, you will be given the consideration for financing.
There is SBA 504 loan program providing small businesses with long-term financing to acquire commercial real property with at least 51% of space as owner-occupied. Certified Development Companies (CDCs) work with GBC International Bank and SBA to provide loans with small businesses. In order to obtain a SBA 504 loan, you should have a business operated for profit and fall within the size standards set by the SBA. The Loans are not offered to businesses in speculation or investment in rental real estate.
As for the Collateral, the real properties are preferably used as collateral with required personal guaranties. For an Eligible Passive Company, you should also produce corporate guaranties of the Operating Companies.
In addition, there is SBA CAPLines program at the bank to meet the needs of small businesses. This program aims to finance operating capital and consolidate short-term debt. SBA offers a 75% for loans up to $5 million and an 85% guarantee for loans up to $150,000.
Founded in 1976 as First Women’s Bank of California, GBC International Bank (GBCIB) presently offers services from eight branches: two in Northern California, two in Washington, and four in Southern California in eight languages of Cantonese, Burmese, English, Indonesian, Mandarin, Russian, Spanish, and Vietnamese.
- Website: https://www.gbcib.com/
- Tel: 888-822-6283
- E-mail: firstname.lastname@example.org
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