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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Morgan Hill, Business Loans > Pinnacle Bank Morgan Hill Business Loans > Full-Service Restaurants Loan | ||||
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Pinnacle Bank Small Business Loan
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Full-Service Restaurants Bank LoansWith these bank loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $545,000 was given to a California entrepreneur in 2007. Getting a small business loan in Aptos, California was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Pinnacle Bank, operating out of Morgan Hill, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender PINNACLE BANK This loan for a small business was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/22/2007 Loan Approval Gross Amount $545,000 Loan Approval from the SBA Of the total $545,000 loan amount, the SBA guaranteed $408,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 46 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA 7A Lenders in Morgan Hill, California
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