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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Diego, Business Loans > Cdc Small Business Finan Corp San Diego Business Loans > Multifamily Housing Construction Loan | ||||
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SBA Loan from Cdc Small Business Finan Corp
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Business Loan from Cdc Small Business Finan Corp Given to Multifamily Housing Construction CompanyCdc Small Business Finan Corp and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in San Diego, California was an essential business goal for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Cdc Small Business Finan Corp, operating out of San Diego, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: MULTIFAMILY HOUSING CONSTRUCTION SBA Loan Lender CDC SMALL BUSINESS FINAN CORP This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 233220 - Multifamily Housing Construction Loan Approval Date 5/2/2002 Loan Approval Gross Amount $164,430 Loan Approval from the SBA Of the total $164,430 loan amount, the SBA guaranteed $123,323. 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 18 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Bank Loans in San Diego, California
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