Getting an SBA Loan for Roofing Contractors

With these business loans for roofing contractors, the SBA guarantees the lender that the loan will be repaid. This roofing contractors loan for $351,000 was given to a California entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Escondido, California was able to borrow $351,000 from La Jolla Bank, Fsb. The SBA made the loan possible by guaranteeing $263,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: ROOFING CONTRACTORS
ESCONDIDO, CA 92029

SBA Loan Lender

LA JOLLA BANK, FSB
128 N BROADWAY
ESCONDIDO, CA 92025

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238160 - Roofing Contractors

Loan Approval Date

1/12/2005

Loan Approval Gross Amount

$351,000

Loan Approval from the SBA

Of the total $351,000 loan amount, the SBA guaranteed $263,250.

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 74 employees. The SBA loan application for the borrower indicated that the loan would help generate 16 new jobs and retain 74 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like La Jolla Bank, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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