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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Barbara, Business Loans > Pacific Cap. Bank Santa Barbara Business Loans > Commercial And Institutional Building Construction Loan | ||||
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Small Business Banks for Lompoc Small Businesses
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Getting an SBA Loan for Commercial and Institutional Building ConstructionLooking for business loans for commercial and institutional building construction? An SBA loan may be just what you've been looking for. This $122,400 commercial and institutional building construction loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Lompoc, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Pacific Cap. Bank, based in Santa Barbara, California. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION SBA Loan Lender PACIFIC CAP. BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 233320 - Commercial and Institutional Building Construction Loan Approval Date 7/2/2001 Loan Approval Gross Amount $122,400 Loan Approval from the SBA Of the total $122,400 loan amount, the SBA guaranteed $104,040. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $122,400. How would you spend $122,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Determining Proper Capital Structure for a Business Best Banks in Santa Barbara, California Getting an SBA Loan in California
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