Financing for Building Equipment and Machinery Installation Contractors

With these commercial loans for building equipment and machinery installation contractors, the SBA guarantees the lender that the loan will be repaid. This building equipment and machinery installation contractors loan for $190,000 was given to a California entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Aptos, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Comerica Bank, based in Santa Cruz, California.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
APTOS, CA 95003

SBA Loan Lender

COMERICA BANK
25 RIVER ST
SANTA CRUZ, CA 95060

This SBA small business loan was provided by a banker 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

1799 - Special Trade Contractors

NAICS Code

235950 - Building Equipment and Machinery Installation Contractors

Loan Approval Date

1/31/2002

Loan Approval Gross Amount

$190,000

Loan Approval from the SBA

Of the total $190,000 loan amount, the SBA guaranteed $142,500.

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 6 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company.

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:

Realistic Debt Financing Options

SBA Approved Banks in Santa Cruz, California

Where to Get an SBA Loan California