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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Roseburg, Business Loans > Umpqua Bank Roseburg Business Loans > Full-Service Restaurants Loan | ||||
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SBA Lenders for Arcata Businesses
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Arcata, California Entrepreneur Gets a Business LoanCaliforniaSmall business loans are available to California small business owners through the SBA. In this case, an Oregon bank provides the loan. By giving the right information to Umpqua Bank, this Arcata, California business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender UMPQUA BANK This lender provides SBA business 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 722110 - Full-Service Restaurants Loan Approval Date 2/2/2007 Loan Approval Gross Amount $207,500 Loan Approval from the SBA Of the total $207,500 loan amount, the SBA guaranteed $155,625. 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 only one employee. The loan application indicated that the borrowed money would help create 24 new jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $207,500. How would you spend $207,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Small Bank Loans in Roseburg, Oregon
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