SBA Loan from Inland Commun Bank Helps Roofing Contractors Company
Inland Commun Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Inland Commun Bank, out of Rialto, California. The loan was granted and they received $413,800 to help grow their Oakland, California business.
SBA Loan Borrower
COMPANY TYPE: ROOFING CONTRACTORS
OAKLAND, CA 94601
SBA Loan Lender
INLAND COMMUN BANK
255 S RIVERSIDE AVE
RIALTO, CA 92376
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238160 - Roofing Contractors
Loan Approval Date
7/24/2006
Loan Approval Gross Amount
$413,800
Loan Approval from the SBA
Of the total $413,800 loan amount, the SBA guaranteed $310,350.
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 5 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.
Start the Process for Getting an SBA Loan Today!
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
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 Inland Commun Bank 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:
Understanding Dilution
Best Banks in Rialto, California
SBA California Banks