Residential Remodelers Commercial Loans
Looking for commercial loans for residential remodelers? The SBA may be the answer. This $35,000 residential remodelers loan was issued by a California bank.
Getting a small business loan in Rodeo, California was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from The Mechanics Bank, operating out of Richmond, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: RESIDENTIAL REMODELERS
RODEO, CA 94572
SBA Loan Lender
THE MECHANICS BANK
3170 HILLTOP MALL RD
RICHMOND, CA 94806
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
236118 - Residential Remodelers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $29,750.
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 2 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you need money to start business in Rodeo CA, you ought to talk with a local Rodeo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rodeo businesses.
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 The Mechanics 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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