Entrepreneur Works With Oroville, California Bank to Get an SBA Loan

Get to know Oroville, California banks that specialize in business loans and know how to work with entrepreneurs. Butte Community Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Chico, California starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Butte Community Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
CHICO, CA 95925

SBA Loan Lender

BUTTE COMMUNITY BANK
2227 MYERS ST
OROVILLE, CA 95965

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/23/2003

Loan Approval Gross Amount

$61,400

Loan Approval from the SBA

Of the total $61,400 loan amount, the SBA guaranteed $52,190.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 42 employees. The SBA loan documents indicated that the loan would help generate 24 new jobs and retain 42 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Chico or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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