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April 16, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Huntington Beach, Business Loans > First Bank Huntington Beach Business Loans > Wrecking And Demolition Work Loan | ||||
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I Need an SBA 7A Loan in Cerritos (dairy Valley), California
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Wrecking and Demolition Contractors SBA LoansLooking for SBA loans for wrecking and demolition contractors? An SBA loan may be just what you've been looking for. This $544,700 wrecking and demolition contractors loan was issued by a California bank. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Bank, out of Huntington Beach, California. The loan was granted and they received $544,700 to help grow their Cerritos (dairy Valley), California business. SBA Loan Borrower COMPANY TYPE: WRECKING AND DEMOLITION WORK SBA Loan Lender FIRST BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1795 - Wrecking and Demolition Work NAICS Code 235940 - Wrecking and Demolition Contractors Loan Approval Date 9/29/2000 Loan Approval Gross Amount $544,700 Loan Approval from the SBA Of the total $544,700 loan amount, the SBA guaranteed $408,525. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help generate 1 new job and retain 9 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 for Huntington Beach, California Loans
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