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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Newport Beach, Business Loans > Commercewest Bank Newport Beach Business Loans > Services To Buildings And Dwellings Loan | ||||
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SBA 7A Banks for Tustin Small Businesses
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Loans for Services to Buildings and DwellingsWith these loans for services to buildings and dwellings, the SBA guarantees the lender that the loan will be repaid. This services to buildings and dwellings loan for $125,000 was given to a California entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tustin, California was able to borrow $125,000 from Commercewest Bank. The SBA made the loan possible by guaranteeing $62,500 of this California small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES TO BUILDINGS AND DWELLINGS SBA Loan Lender COMMERCEWEST BANK 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 561790 - Services to Buildings and Dwellings Loan Approval Date 9/1/2006 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $125,000. How would you spend $125,000 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: Borrowing Money from Friends and Family Banks in Newport Beach, California
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