Small Business Loans for Warm Air Heating and Air-Conditioning Equipment and Supplies

With these small business loans for warm air heating and air-conditioning equipment and supplies, the SBA guarantees the lender that the loan will be repaid. This warm air heating and air-conditioning equipment and supplies loan for $120,000 was given to a California entrepreneur in 2006.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First Republic Bank, out of Walnut Creek, California. The loan was granted and they received $120,000 to help grow their San Jose, California business.

SBA Loan Borrower

COMPANY TYPE: WARM AIR HEATING AND AIR-CONDITIONING EQUIPMENT AND SUPPLIES
San Jose, CA 95131

SBA Loan Lender

FIRST REPUBLIC BANK
1400 CIVIC DR
WALNUT CREEK, CA 94596

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

423730 - Warm Air Heating and Air-Conditioning Equipment and Supplies

Loan Approval Date

1/9/2006

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Republic Bank and they will explain how you can get an SBA loan for your company.

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.

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