California Bank & Trust Gives SBA Loan to Paher Construction Corp
Florida bank loans are available to Florida firms through the SBA. In this case, a California bank provides the loan.
You can learn something about getting a small business loan in Miami, Florida by studying this loan to Paher Construction Corp, made back in 2004. Banks like California Bank & Trust may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
PAHER CONSTRUCTION CORP
7311 NW 12TH ST #1
MIAMI, FL 33126
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
233210 - Single Family Housing Construction
Loan Approval Date
9/10/2004
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
More Information on This SBA Loan
The borrower, Paher Construction Corp, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 3 existing jobs.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Paher Construction Corp needed a loan. California Bank & Trust probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, California Bank & Trust made the loan. The end result was that Paher Construction Corp was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Family and Friend Investors - Your First Financiers
Banks in Sacramento, California
California SBA Banks
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