Get an SBA Loan for Drywall and Insulation Contractors

With these small business loans for drywall and insulation contractors, the SBA guarantees the lender that the loan will be repaid. This drywall and insulation contractors loan for $679,000 was given to a California entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Montclair, California was able to borrow $679,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $509,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: DRYWALL AND INSULATION CONTRACTORS
MONTCLAIR, CA 91763

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238310 - Drywall and Insulation Contractors

Loan Approval Date

12/27/2005

Loan Approval Gross Amount

$679,000

Loan Approval from the SBA

Of the total $679,000 loan amount, the SBA guaranteed $509,250.

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 20 employees. This SBA loan request indicated that the borrowed money would help create 20 new jobs.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Montclair CA, you ought to talk with a local Montclair SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Montclair businesses.

We can help you find the best banks for small businesses in Montclair or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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