The suspect applied for the loan at a central Long Beach lending company on Tuesday, according to the Long Beach Police Department.
He used an altered Department of Motor Vehicles certificate of title form and other fraudulent documents, including a driver's license, utility bill, proof of insurance and work pay stubs, to obtain the loan, along with "an unsuspecting victim's name, date of birth and social security number,'' according to a police statement.
Once the loan was approved, the suspect received the proceeds in cash at a money transfer business in Torrance, police said.
Police circulated a photo of the man, who was described as black, around 45-years-old, with very short hair and a medium build.
Anyone with information that could aid the investigation was urged to call Long Beach police Financial Crimes Detective Dominick Scaccia at (562) 570-7391.
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