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April 17, 2024 |
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| Home > Small Business Lenders by State > Alaska Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Bridge, Tunnel, And Elevated Highway Construction Loan | ||||
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SBA Lenders California
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San Francisco, California Bank Lends Money to Bridge, Tunnel, And Elevated Highway Construction Company in Anchorage, AlaskaA San Francisco, California SBA loan can be yours. Learn how a business got a $832,500 business loan from this California bank. This loan to an entrepreneur is a good example of an SBA loan. Bank Of The West made the loan and the SBA guaranteed a portion of the loan. Many other Alaska entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: BRIDGE, TUNNEL, AND ELEVATED HIGHWAY CONSTRUCTION SBA Loan Lender BANK OF THE WEST This bank loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1622 - Bridge, Tunnel, and Elevated Highway Construction NAICS Code 234120 - Bridge and Tunnel Construction Loan Approval Date 9/22/2003 Loan Approval Gross Amount $832,500 Loan Approval from the SBA Of the total $832,500 loan amount, the SBA guaranteed $624,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 102 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of The West and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Participating Banks in San Francisco, California Getting an SBA Loan in California
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