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April 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Redding, Business Loans > Redding Bank Of Commerce Redding Business Loans > Highway, Street, And Bridge Construction Loan | ||||
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Business Loans for Susanville Entrepreneurs
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Raising Money for Highway, Street, and Bridge ConstructionLooking for business loans for highway, street, and bridge construction? An SBA loan may be just what you've been looking for. This $738,480 highway, street, and bridge construction loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Susanville, California was able to borrow $738,480 from Redding Bank Of Commerce. The SBA made the loan possible by guaranteeing $553,860 of this California small business loan. SBA Loan Borrower COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION SBA Loan Lender REDDING BANK OF COMMERCE This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 237310 - Highway, Street, and Bridge Construction Loan Approval Date 4/19/2006 Loan Approval Gross Amount $738,480 Loan Approval from the SBA Of the total $738,480 loan amount, the SBA guaranteed $553,860. 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 31 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $738,480. How would you spend $738,480 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Find an SBA Lender in Redding, California
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