Victorville, California Bank Gives SBA Loan to Site Preparation Contractors Company

Want to talk with a Victorville, California bank about an SBA loan? Here's one California business loan, issued by a Victorville bank, that was approved by the SBA.

Applying for an SBA loan with East West Bank, A Division Of worked out well for our friends at one local company in Barstow, California. They received an SBA loan for $194,700. Way to go!

SBA Loan Borrower

COMPANY TYPE: SITE PREPARATION CONTRACTORS
BARSTOW, CA 92311

SBA Loan Lender

EAST WEST BANK, A DIVISION OF
12530 HESPERIA RD, STE 101
VICTORVILLE, CA 92392

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

238910 - Site Preparation Contractors

Loan Approval Date

4/18/2007

Loan Approval Gross Amount

$194,700

Loan Approval from the SBA

Of the total $194,700 loan amount, the SBA guaranteed $97,350.

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 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

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SBA Participating Banks in Victorville, California

Getting an SBA Loan in California