Riverside, California Bank Lends Money to Industrial Building Construction Company in Riverside, California

Want to talk with a Riverside, California bank about a small business loan? Here's one California business loan, issued by a Riverside bank, that was approved by the SBA.

Applying for an SBA loan with Altura Cu worked out well for our friends at one local company in Riverside, California. They received an SBA loan for $350,000. Great job!

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL BUILDING CONSTRUCTION
RIVERSIDE, CA 92570

SBA Loan Lender

ALTURA CU
2847 CAMPUS PKWY
RIVERSIDE, CA 92507

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

236210 - Industrial Building Construction

Loan Approval Date

6/23/2006

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

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 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in Riverside CA, you ought to talk with a local Riverside SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Riverside businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $350,000 loan. Remember, things become real when you believe you can achieve them!

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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