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May 3, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > General Contracting For Residential Buildings Loan | ||||
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California Bank SBA Loans
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Bank Of The West SBA Loan to General Contracting For Residential Buildings CompanyWant a New Jersey small business loan? Here's one New Jersey business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Waretown, New Jersey was able to borrow $649,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $486,750 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL CONTRACTING FOR RESIDENTIAL BUILDINGS SBA Loan Lender BANK OF THE WEST This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1522 - General Contracting for Residential Buildings Loan Approval Date 6/22/2000 Loan Approval Gross Amount $649,000 Loan Approval from the SBA Of the total $649,000 loan amount, the SBA guaranteed $486,750. 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 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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 Banks for Small Business in San Francisco, California
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