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

Loans on record

FY2021–23

On record

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 business

No 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.