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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Riverside, Business Loans > First National Bank - Southern Calif Riverside Business Loans > Highway, Street, And Bridge Construction Loan | ||||
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Riverside Bank Loan
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Riverside, California Bank Gives SBA Loan to Highway, Street, And Bridge Construction CompanyGet to know Riverside, California banks that specialize in small business loans and know how to work with entrepreneurs. First National Bank - Southern Calif is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Riverside, California starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from First National Bank - Southern Calif. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION SBA Loan Lender FIRST NATIONAL BANK - SOUTHERN CALIF This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 237310 - Highway, Street, and Bridge Construction Loan Approval Date 11/4/2004 Loan Approval Gross Amount $139,200 Loan Approval from the SBA Of the total $139,200 loan amount, the SBA guaranteed $69,600. 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 53 employees. This SBA loan request indicated that the loan would help retain 63 existing jobs. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Accountant's Role in Securing Financing Small Business Banks in Riverside, California
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