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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Exeter, Business Loans > Bank Of The Sierra Exeter Business Loans > Commercial And Institutional Building Construction Loan | ||||
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Business Loans for Fresno Business Owners
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Raising Money for Commercial and Institutional Building ConstructionLooking for business loans for commercial and institutional building construction? The SBA may be the answer. This $550,000 commercial and institutional building construction loan was issued by a California bank. Getting a small business loan in Fresno, California was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The Sierra, operating out of Exeter, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION SBA Loan Lender BANK OF THE SIERRA This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 233320 - Commercial and Institutional Building Construction Loan Approval Date 12/19/2000 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. 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 52 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The Sierra so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Where to Get an SBA Loan in Exeter, California
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