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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > El Monte, Business Loans > East West Bank El Monte Business Loans > Structural Steel Erection Loan | ||||
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South El Monte, California Bank Loan
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Commercial Loans for Structural Steel Erection ContractorsLooking for commercial loans for structural steel erection contractors? An SBA loan may be just what you've been looking for. This $140,000 structural steel erection contractors loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in South El Monte, California was able to borrow $140,000 from East West Bank. The SBA made the loan possible by guaranteeing $105,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: STRUCTURAL STEEL ERECTION SBA Loan Lender EAST WEST BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1791 - Structural Steel Erection NAICS Code 235910 - Structural Steel Erection Contractors Loan Approval Date 1/10/2000 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $105,000. 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 4 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like East West Bank 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. Related Links: Small Bank Loans in El Monte, California
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