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May 1, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Luis Obispo, Business Loans > Mission Community Bank San Luis Obispo Business Loans > Construction Material Merchant Wholesalers Loan | ||||
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Requirements for Small Businesses On Getting a Loan
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Get an SBA Loan for Construction Material Merchant WholesalersLooking for small business loans for construction material merchant wholesalers? Try the SBA. This $829,300 construction material merchant wholesalers loan was issued by a California bank. This company knew how to go about getting a business bank loan. Based in Atascadero, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Mission Community Bank, based in San Luis Obispo, California. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION MATERIAL MERCHANT WHOLESALERS SBA Loan Lender MISSION COMMUNITY BANK 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 423390 - Construction Material Merchant Wholesalers Loan Approval Date 11/4/2005 Loan Approval Gross Amount $829,300 Loan Approval from the SBA Of the total $829,300 loan amount, the SBA guaranteed $621,975. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $829,300. How would you spend $829,300 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: SBA 7A Banks in San Luis Obispo, California
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