Premier Comm. Bank SBA Loan to Building Finishing Contractors Company
Premier Comm. Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a California entrepreneur was able to get a loan to take a small business to the next level.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Westminster, California was able to borrow $300,000 from Premier Comm. Bank. The SBA made the loan possible by guaranteeing $225,000 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: BUILDING FINISHING CONTRACTORS
WESTMINSTER, CA 92683
SBA Loan Lender
PREMIER COMM. BANK
2400 E KATELLA AVE, STE 125
ANAHEIM, CA 92806
This lender provides SBA commercial 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
238390 - Building Finishing Contractors
Loan Approval Date
6/19/2007
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $225,000.
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 60 employees. The SBA loan application for the borrower indicated that the loan would help retain 60 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start business in Westminster CA, you ought to talk with a local Westminster SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Westminster businesses.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Premier Comm. 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:
Getting a Small Business Loan
SBA 7A Banks in Anaheim, California
SBA California Lenders