 |
 |
December 22, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > San Diego, Business Loans > Security Business Bank - San Diego San Diego Business Loans > New Single-Family Housing Construction Loan | ||||
 |
||||
Tips for Businesses On Getting a Loan
|
||||
 |
Loans for New Single-Family Housing ConstructionLooking for loans for new single-family housing construction? Try the SBA. This $341,500 new single-family housing construction loan was issued by a California bank. This company knew how to go about getting a business bank loan. Based in Coronado, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Security Business Bank - San Diego, based in San Diego, California. SBA Loan Borrower COMPANY TYPE: NEW SINGLE-FAMILY HOUSING CONSTRUCTION SBA Loan Lender SECURITY BUSINESS BANK - SAN DIEGO This lender provides SBA commercial loans 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 236115 - New Single-Family Housing Construction Loan Approval Date 7/12/2005 Loan Approval Gross Amount $341,500 Loan Approval from the SBA Of the total $341,500 loan amount, the SBA guaranteed $256,125. 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 27 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 25 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. 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: SBA 7A Banks for San Diego, California Loans
|
|
||
|
||||
|
|
||||