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April 29, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Arroyo Grande, Business Loans > Rabobank, National Association Arroyo Grande Business Loans > Engineering Services Loan | ||||
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We Needed a Commercial Loan in San Luis Obispo, California and We Got One!
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Get an SBA Loan for Engineering ServicesLooking for small business loans for engineering services? The SBA may be the answer. This $150,000 engineering services loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Luis Obispo, California was able to borrow $150,000 from Rabobank, National Association. The SBA made the loan possible by guaranteeing $75,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender RABOBANK, NATIONAL ASSOCIATION This lender processed this debt financing 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 541330 - Engineering Services Loan Approval Date 3/19/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Arroyo Grande, California Banks for Small Business
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