Raising Money for Residential Remodelers

Looking for business loans for residential remodelers? An SBA loan may be just what you've been looking for. This $631,300 residential remodelers loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Temple City (rudell), California was able to borrow $631,300 from Citizens Business Bank. The SBA made the loan possible by guaranteeing $473,475 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL REMODELERS
TEMPLE CITY (RUDELL), CA 91356

SBA Loan Lender

CITIZENS BUSINESS BANK
701 N HAVEN AVE, STE 350
ONTARIO, CA 91764

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

236118 - Residential Remodelers

Loan Approval Date

1/29/2004

Loan Approval Gross Amount

$631,300

Loan Approval from the SBA

Of the total $631,300 loan amount, the SBA guaranteed $473,475.

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 10 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citizens Business Bank 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:

Small Business Loan

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SBA Participating Banks in California