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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Diego, Business Loans > 1st Pacific Bank Of California San Diego Business Loans > Special Trade Contractors Loan | ||||
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Raising Money in El Cajon, California With SBA Loans
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Raising Money for Special Trade ContractorsLooking for business loans for special trade contractors? The SBA may be the answer. This $400,000 special trade contractors loan was issued by a California bank. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with 1st Pacific Bank Of California, out of San Diego, California. The loan was granted and they received $400,000 to help grow their El Cajon, California business. SBA Loan Borrower COMPANY TYPE: SPECIAL TRADE CONTRACTORS SBA Loan Lender 1ST PACIFIC BANK OF CALIFORNIA When it made this small business loan, the lender participated in the SBA's Certified Lenders Program (CLP). This program was created to offer quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1799 - Special Trade Contractors NAICS Code 235990 - Special Trade Contractors Loan Approval Date 8/27/2001 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 30 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like 1st Pacific Bank Of California are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Banks in San Diego, California Getting a Business Loan in California
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