Raising Money for Building Material Dealers
With these business loans for building material dealers, the SBA guarantees the lender that the loan will be repaid. This building material dealers loan for $875,000 was given to a California entrepreneur in 2006.
Getting a small business loan in Northridge, California was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Private Bank & Trust, operating out of Encino, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: BUILDING MATERIAL DEALERS
NORTHRIDGE, CA 91325
SBA Loan Lender
FIRST PRIVATE BANK & TRUST
16000 VENTURA BLVD
ENCINO, CA 91436
This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
444190 - Building Material Dealers
Loan Approval Date
5/12/2006
Loan Approval Gross Amount
$875,000
Loan Approval from the SBA
Of the total $875,000 loan amount, the SBA guaranteed $656,250.
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 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Private Bank & Trust and they will explain how you can get an SBA loan for your company.
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:
Debt Financing
Small Bank Loans in Encino, California
SBA California Lenders