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November 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Redlands, Business Loans > 1st Centennial Bank Redlands Business Loans > Air-Conditioning And Warm Air Heating Equipment Loan | ||||
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Redlands, California SBA Banks
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Redlands, California Lender Lends Money to Air-Conditioning And Warm Air Heating Equipment CompanyA Redlands, California business loan can be yours. Learn how a company got a $240,000 business loan from this California bank. This loan to an entrepreneur is a good example of an SBA loan. 1st Centennial Bank made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: AIR-CONDITIONING AND WARM AIR HEATING EQUIPMENT SBA Loan Lender 1ST CENTENNIAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333415 - Air-Conditioning and Warm Air Heating Equipment Loan Approval Date 7/8/2003 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $180,000. 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 54 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 54 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Family and Friend Investors - Your First Financiers Where to Get an SBA Loan in Redlands, California
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