SBA lending record
Simplified Builders Inc
1760 S Escondido Blvd, Escondido, CA 92025 · Commercial and Institutional Building Construction. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.5M
Total SBA financing
2
Loans on record
FY2021–23
On record
47
Jobs supported
● business · ● lender — business location is the ZIP-area centroid from the public record
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All 2 loans
$847,000 — FY2023
Loan 1 of 2- Gross approval
- $847,000
- SBA guaranteed
- $635,250 (75%)
- Status
- In workout — SBA bought the guarantee
- Rate at approval
- 11% v
- Term
- 97 mo (8 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 6/22/2023
- First disbursement
- 8/10/2023
- Days to fund
- 49 days
- Collateral
- Required
- Sold on secondary market
The lenders
Frontwave Credit Union
1 loan to this businessNo FDIC profile on file (non-bank lender).
Hanover Community Bank
1 loan to this business- Total assets
- $2369.4B
- Deposits
- $2051.5B
- Loans outstanding
- $1989.8B
- Net income
- $2.5B
- Return on assets
- 0.42231091462390463%
- Return on equity
- 4.42%
- Total equity
- $230.5B
- Offices
- 10
- Founded
- 01/2
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Simplified Builders Inc.