Where to Get Capital for Specialty Trade Contractors

Looking for small business loans for specialty trade contractors? The SBA may be the answer. This $1,440,000 specialty trade contractors loan was issued by a California bank.

This small firm knew how to go about getting a business bank loan. Based in Santa Fe Springs, California, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Pacific Cap. Bank, based in Santa Barbara, California.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
Santa Fe Springs, CA 90670

SBA Loan Lender

PACIFIC CAP. BANK
1021 ANACAPA ST
SANTA BARBARA, CA 93101

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

1/8/2008

Loan Approval Gross Amount

$1,440,000

Loan Approval from the SBA

Of the total $1,440,000 loan amount, the SBA guaranteed $690,048.

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 35 employees. The SBA loan application for the borrower indicated that the loan would help retain 35 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Santa Fe Springs CA, you ought to talk with a local Santa Fe Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Santa Fe Springs businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Pacific Cap. Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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