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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Elk Grove, Business Loans > Farmers & Merchants Bank - Cent. Elk Grove Business Loans > Highway And Street Construction Loan | ||||
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California Small Business Funding
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Business Loans for Highway and Street ConstructionLooking for business loans for highway and street construction? Try the SBA. This $534,200 highway and street construction loan was issued by a California bank. Getting a small business loan in Elk Grove, California was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Farmers & Merchants Bank - Cent., operating out of Elk Grove, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION SBA Loan Lender FARMERS & MERCHANTS BANK - CENT. This lender provides SBA guaranteed business 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 234110 - Highway and Street Construction Loan Approval Date 5/30/2003 Loan Approval Gross Amount $534,200 Loan Approval from the SBA Of the total $534,200 loan amount, the SBA guaranteed $400,650. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks in Elk Grove, California
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