The Mechanics Bank SBA Loan to Full-Service Restaurants Company

An SBA loan from The Mechanics Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Calistoga, California business owner got a $50,000 loan.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with The Mechanics Bank, out of Richmond, California. The loan was granted and they received $50,000 to help grow their Calistoga, California business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
CALISTOGA, CA 94515

SBA Loan Lender

THE MECHANICS BANK
3170 HILLTOP MALL RD
RICHMOND, CA 94806

This commercial 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

722110 - Full-Service Restaurants

Loan Approval Date

9/15/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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Small Business Banks in Richmond, California

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