Small Business Loans for Roofing Contractors

Looking for small business loans for roofing contractors? An SBA loan may be just what you've been looking for. This $503,200 roofing contractors loan was issued by a Delaware bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Redondo Beach, California was able to borrow $503,200 from Lehman Brothers Bank, Fsb. The SBA made the loan possible by guaranteeing $377,400 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: ROOFING CONTRACTORS
REDONDO BEACH, CA 90277

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
1000 WEST ST, STE 200
WILMINGTON, DE 19801

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

238160 - Roofing Contractors

Loan Approval Date

12/2/2004

Loan Approval Gross Amount

$503,200

Loan Approval from the SBA

Of the total $503,200 loan amount, the SBA guaranteed $377,400.

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 10 employees. The SBA loan application for the borrower indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Lehman Brothers Bank, Fsb are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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