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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Victorville, Business Loans > East West Bank, A Division Of Victorville Business Loans > Site Preparation Contractors Loan | ||||
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Advice for Small Businesses On Getting a Loan
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Getting an SBA Loan for Site Preparation ContractorsLooking for SBA loans for site preparation contractors? Try the SBA. This $38,600 site preparation contractors loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Hesperia, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was East West Bank, A Division Of, based in Victorville, California. SBA Loan Borrower COMPANY TYPE: SITE PREPARATION CONTRACTORS SBA Loan Lender EAST WEST BANK, A DIVISION OF This lender processed this bank 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 238910 - Site Preparation Contractors Loan Approval Date 2/23/2004 Loan Approval Gross Amount $38,600 Loan Approval from the SBA Of the total $38,600 loan amount, the SBA guaranteed $19,300. 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 only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. 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. This SBA loan was for $38,600. How would you spend $38,600 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 SBA 7A Lenders in Victorville, California Browse All Business Loan Sources for California
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