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March 28, 2024  
 
 
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California Small Business Funding

 

 
Loan Census SBA Loan Info

Financing for Engineering Services

Looking for commercial loans for engineering services? An SBA loan may be just what you've been looking for. This $280,000 engineering services loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Rafael, California was able to borrow $280,000 from Tamalpais Bank. The SBA made the loan possible by guaranteeing $210,000 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
SAN RAFAEL, CA 94903

SBA Loan Lender

TAMALPAIS BANK
851 IRWIN ST, STE 210
SAN RAFAEL, CA 94901

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541330 - Engineering Services

Loan Approval Date

9/27/2004

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

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 20 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 Tamalpais Bank 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:

Realistic Debt Financing Options

SBA 7A Banks for San Rafael, California Loans

SBA Lenders in California