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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Full-Service Restaurants Loan | ||||
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Beverly Hills Bank Loan
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Beverly Hills, California Bank Gives SBA Loan to Full-Service Restaurants CompanyA Beverly Hills, California SBA loan can be yours. Learn how a business got a $431,000 business loan from this California bank. This loan to an entrepreneur is a good example of an SBA loan. Excel National Bank made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender EXCEL NATIONAL BANK This lender provides SBA debt financing 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 6/26/2007 Loan Approval Gross Amount $431,000 Loan Approval from the SBA Of the total $431,000 loan amount, the SBA guaranteed $323,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Getting an SBA Loan For Your Business If you need money to start business in Castaic CA, you ought to talk with a local Castaic SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Castaic businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Excel National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Excel National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banks in Beverly Hills, California
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