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December 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Washington, Business Loans > Loans From Old Closed Lenders Washington Business Loans > General Contractors-Industrial Buildings, Warehous Loan | ||||
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SBA Lender California
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SBA Loan from Loans From Old Closed Lenders Helps General Contractors-Industrial Buildings, Warehous CompanyLoans From Old Closed Lenders and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Belmont, California was able to borrow $1,372,500 from Loans From Old Closed Lenders. The SBA made the loan possible by guaranteeing $749,988 of this California small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL CONTRACTORS-INDUSTRIAL BUILDINGS, WAREHOUS SBA Loan Lender LOANS FROM OLD CLOSED LENDERS This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1541 - General Contractors-Industrial Buildings, Warehous Loan Approval Date 5/4/2000 Loan Approval Gross Amount $1,372,500 Loan Approval from the SBA Of the total $1,372,500 loan amount, the SBA guaranteed $749,988. 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 13 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 13 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,372,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Dealing With Venture Capitalists Best Banks for Small Business in Washington, District of Columbia District of Columbia SBA Banks
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