Business Loan from Borrego Springs Bank Given to Specialty Trade Contractors Company

An SBA loan from Borrego Springs Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tucson, Arizona business owner got a $603,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Borrego Springs Bank, out of Borrego Springs, California. The loan was granted and they received $603,000 to help grow their Tucson, Arizona business.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
TUCSON, AZ 85743

SBA Loan Lender

BORREGO SPRINGS BANK
587 PALM CANYON DR, STE 101
BORREGO SPRINGS, CA 92004

This lender provides SBA bank 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

238990 - Specialty Trade Contractors

Loan Approval Date

7/19/2005

Loan Approval Gross Amount

$603,000

Loan Approval from the SBA

Of the total $603,000 loan amount, the SBA guaranteed $452,250.

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 15 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 15 existing jobs.

Getting an SBA Loan For Your Business

If you need business start up money in Tucson AZ, you ought to talk with a local Tucson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tucson businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Borrego Springs Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Understanding Dilution

Where to Get an SBA Loan in Borrego Springs, California

Find an SBA Lender in California