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December 22, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > San Diego, Business Loans > California Bank & Trust San Diego Business Loans > Geophysical Surveying And Mapping Services Loan | ||||
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Business Loans for Davie Small Businesses
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Geophysical Surveying and Mapping Services Small Business LoansWith these small business loans for geophysical surveying and mapping services, the SBA guarantees the lender that the loan will be repaid. This geophysical surveying and mapping services loan for $100,000 was given to a Florida entrepreneur in 2007. This company knew how to go about getting a business bank loan. Based in Davie, Florida, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was California Bank & Trust, based in San Diego, California. SBA Loan Borrower COMPANY TYPE: GEOPHYSICAL SURVEYING AND MAPPING SERVICES SBA Loan Lender CALIFORNIA BANK & TRUST 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 541360 - Geophysical Surveying and Mapping Services Loan Approval Date 4/9/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 18 employees. The loan application indicated that the loan would help generate 1 new job and retain 18 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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: Obtaining Funding - How to Borrow Money Find an SBA Lender in San Diego, California
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