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December 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Spokane, Business Loans > Sterling Savings Bank Spokane Business Loans > Highway, Street, And Bridge Construction Loan | ||||
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Spokane Lenders
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Spokane, Washington Bank Lends Money to Highway, Street, And Bridge Construction Company in San Jose, CaliforniaThinking about meeting with a Spokane, Washington bank about a small business loan? Here's one California business loan, issued by a Spokane bank, that was approved by the SBA. Applying for an SBA loan with Sterling Savings Bank worked out well for our friends at one local business in San Jose, California. They got an SBA loan for $1,507,500. Way to go! SBA Loan Borrower COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION SBA Loan Lender STERLING SAVINGS BANK This lender provides SBA guaranteed business 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 237310 - Highway, Street, and Bridge Construction Loan Approval Date 10/30/2007 Loan Approval Gross Amount $1,507,500 Loan Approval from the SBA Of the total $1,507,500 loan amount, the SBA guaranteed $1,130,625. 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 25 employees. The SBA loan application for the borrower indicated that the loan would help retain 25 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $1,507,500 loan. Remember, if it to be, it is up to me! 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: Best Banks for Small Business in Spokane, Washington
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