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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Barbara, Business Loans > Montecito Bank & Trust Santa Barbara Business Loans > Heavy And Civil Engineering Construction Loan | ||||
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I Need a Business Loan in Ventura, California
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Heavy and Civil Engineering Construction SBA LoansLooking for SBA loans for heavy and civil engineering construction? The SBA may be the answer. This $550,000 heavy and civil engineering construction loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in Ventura, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Montecito Bank & Trust, based in Santa Barbara, California. SBA Loan Borrower COMPANY TYPE: HEAVY AND CIVIL ENGINEERING CONSTRUCTION SBA Loan Lender MONTECITO BANK & TRUST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 237990 - Heavy and Civil Engineering Construction Loan Approval Date 12/13/2004 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. 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 10 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Good Banks for Small Business in Santa Barbara, California
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