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February 19, 2025 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Santa Barbara, Business Loans > Pacific Cap. Bank Santa Barbara Business Loans > Construction, Mining, And Forestry Machinery Equipment Rental And Leasing Loan | ||||
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We Needed an SBA Loan in Winslow, Arizona and We Got One!
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Business Loans for Construction, Mining, and Forestry Machinery Equipment Rental and LeasingLooking for business loans for construction, mining, and forestry machinery equipment rental and leasing? An SBA loan may be just what you've been looking for. This $246,500 construction, mining, and forestry machinery equipment rental and leasing loan was issued by a California bank. This small business knew how to go about getting a business bank loan. Based in Winslow, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Pacific Cap. Bank, based in Santa Barbara, California. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION, MINING, AND FORESTRY MACHINERY EQUIPMENT RENTAL AND LEASING SBA Loan Lender PACIFIC CAP. BANK This lender provides SBA loan for small businesses 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. NAICS Code 532412 - Construction, Mining, and Forestry Machinery Equipment Rental and Leasing Loan Approval Date 11/30/2007 Loan Approval Gross Amount $246,500 Loan Approval from the SBA Of the total $246,500 loan amount, the SBA guaranteed $184,875. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Small Business Banks in Santa Barbara, California Find an SBA Lender in California
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