Loan Census Banking News and Information
May 4, 2024  
 
 
  Business Loan Information  
 

Raising Money in Lake Elsinore, California With SBA Loans

 

 
Loan Census SBA Loan Info

Glass and Glazing Contractors Loans

With these loans for glass and glazing contractors, the SBA guarantees the lender that the loan will be repaid. This glass and glazing contractors loan for $186,300 was given to a California entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in Lake Elsinore, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Pacific Western Bank, based in Huntington Beach, California.

SBA Loan Borrower

COMPANY TYPE: GLASS AND GLAZING CONTRACTORS
LAKE ELSINORE, CA 92530

SBA Loan Lender

PACIFIC WESTERN BANK
19950 BEACH BLVD
HUNTINGTON BEACH, CA 92648

This lender provides SBA bank 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.

NAICS Code

238150 - Glass and Glazing Contractors

Loan Approval Date

5/3/2005

Loan Approval Gross Amount

$186,300

Loan Approval from the SBA

Of the total $186,300 loan amount, the SBA guaranteed $139,725.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Pacific Western Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding - How to Borrow Money

Who Lends Money to Small Businesses in Huntington Beach, California

Browse All Business Loan Sources for California