Raising Money for Lessors of Nonresidential Buildings
Looking for bank loans for lessors of nonresidential buildings? An SBA loan may be just what you've been looking for. This $502,200 lessors of nonresidential buildings loan was issued by a California bank.
Getting a small business loan in Chino, California was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Pacific Western Bank, operating out of Irwindale, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS
CHINO, CA 91710
SBA Loan Lender
PACIFIC WESTERN BANK
5155 IRWINDALE AVE
IRWINDALE, CA 91706
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
531120 - Lessors of Nonresidential Buildings
Loan Approval Date
11/1/2005
Loan Approval Gross Amount
$502,200
Loan Approval from the SBA
Of the total $502,200 loan amount, the SBA guaranteed $376,650.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 14 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
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.
We've showcased information on this loan to let you know that businesses like yours 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:
The Friends and Family Network
SBA Approved Banks in Irwindale, California
SBA California Banks