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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Luis Obispo, Business Loans > Mission Community Bank San Luis Obispo Business Loans > Water, Sewer, And Pipeline Construction Loan | ||||
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Raising Money in Paso Robles, California With SBA Loans
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Bank Loans for Water, Sewer, and Pipeline ConstructionWith these bank loans for water, sewer, and pipeline construction, the SBA guarantees the lender that the loan will be repaid. This water, sewer, and pipeline construction loan for $260,000 was given to a California entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Paso Robles, California was able to borrow $260,000 from Mission Community Bank. The SBA made the loan possible by guaranteeing $195,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: WATER, SEWER, AND PIPELINE CONSTRUCTION SBA Loan Lender MISSION COMMUNITY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 234910 - Water, Sewer, and Pipeline Construction Loan Approval Date 5/1/2001 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $195,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 48 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 - Friends and Family Best San Luis Obispo, California Banks for Small Business
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