Raising Money for Industrial Nonbuilding Structure Construction

Looking for bank loans for industrial nonbuilding structure construction? Try the SBA. This $700,000 industrial nonbuilding structure construction loan was issued by a California bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Farmers & Merchants Bank - Cent., out of Elk Grove, California. The loan was granted and they received $700,000 to help grow their Modesto, California business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL NONBUILDING STRUCTURE CONSTRUCTION
MODESTO, CA 95351

SBA Loan Lender

FARMERS & MERCHANTS BANK - CENT.
8788 ELK GROVE BLVD
ELK GROVE, CA 95624

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

234930 - Industrial Nonbuilding Structure Construction

Loan Approval Date

5/10/2002

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

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 30 employees. The SBA loan application for the borrower indicated that the loan would help retain 30 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.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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

SBA 7A Banks for Elk Grove, California Loans

California SBA Bank Lenders