How to Get a Loan for Architectural Services
With these business loans for architectural services, the SBA guarantees the lender that the loan will be repaid. This architectural services loan for $1,620,000 was given to a California entrepreneur in 2004.
This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Lehman Brothers Bank, Fsb, out of Wilmington, Delaware. The loan was granted and they received $1,620,000 to help grow their San Diego, California business.
SBA Loan Borrower
COMPANY TYPE: ARCHITECTURAL SERVICES
SAN DIEGO, CA 92110
SBA Loan Lender
LEHMAN BROTHERS BANK, FSB
1000 WEST ST, STE 200
WILMINGTON, DE 19801
This lender provides SBA commercial 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
541310 - Architectural Services
Loan Approval Date
12/29/2004
Loan Approval Gross Amount
$1,620,000
Loan Approval from the SBA
Of the total $1,620,000 loan amount, the SBA guaranteed $1,215,000.
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 SBA loan documents indicated that the loan would help retain 8 existing jobs.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Lehman Brothers Bank, Fsb and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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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SBA Participating Banks in Wilmington, Delaware
SBA Participating Banks in Delaware