Getting an SBA Loan for Cement Manufacturing

Looking for business loans for cement manufacturing? Try the SBA. This $618,300 cement manufacturing loan was issued by a California bank.

This business knew how to go about getting a business bank loan. Based in San Jose, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Coast Comm. Bank A Division -, based in Santa Cruz, California.

SBA Loan Borrower

COMPANY TYPE: CEMENT MANUFACTURING
SAN JOSE, CA 95111

SBA Loan Lender

COAST COMM. BANK A DIVISION -
75 RIVER ST
SANTA CRUZ, CA 95060

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

327310 - Cement Manufacturing

Loan Approval Date

6/1/2001

Loan Approval Gross Amount

$618,300

Loan Approval from the SBA

Of the total $618,300 loan amount, the SBA guaranteed $463,725.

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 60 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 60 existing jobs.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Coast Comm. Bank A Division - that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Equity Financing

Small Business Banks in Santa Cruz, California

Getting a Business Loan in California