Borrowing Money for Commercial and Institutional Building Construction
Looking for loans for commercial and institutional building construction? The SBA may be the answer. This $11,000 commercial and institutional building construction loan was issued by a California bank.
This small firm knew how to go about getting a business bank loan. Based in Tarzana, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Citibank, based in San Francisco, California.
SBA Loan Borrower
COMPANY TYPE: GENERAL CONTRACTING FOR NONRESIDENTIAL BUILDINGS
TARZANA, CA 91362
SBA Loan Lender
CITIBANK
ONE SANSOME ST
SAN FRANCISCO, CA 94104
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
SIC Code
1542 - General Contracting for Nonresidential Buildings
NAICS Code
233320 - Commercial and Institutional Building Construction
Loan Approval Date
9/22/2000
Loan Approval Gross Amount
$11,000
Loan Approval from the SBA
Of the total $11,000 loan amount, the SBA guaranteed $5,500.
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 2 employees. The loan application indicated that the loan would help generate 12 new jobs and retain 14 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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