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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Marcos, Business Loans > Discovery Bank San Marcos Business Loans > Excavation Work Loan | ||||
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Small Business Banks in California
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Raising Money for Excavation ContractorsLooking for business loans for excavation contractors? Try the SBA. This $200,000 excavation contractors loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Diego, California was able to borrow $200,000 from Discovery Bank. The SBA made the loan possible by guaranteeing $150,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: EXCAVATION WORK SBA Loan Lender DISCOVERY BANK This loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1794 - Excavation Work NAICS Code 235930 - Excavation Contractors Loan Approval Date 6/13/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 16 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in San Diego or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Marcos, California Find an SBA Lender in California
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