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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Marino, Business Loans > East West Bank San Marino Business Loans > Full-Service Restaurants Loan | ||||
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Banks in San Marino, California That Make SBA Loans
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San Marino, California Lender Lends Money to Full-Service Restaurants CompanyThinking about meeting with a San Marino, California bank about a small business loan? Here's one California business loan, issued by a San Marino bank, that was approved by the SBA. Applying for an SBA loan with East West Bank worked out well for our friends at one local firm in Chico, California. They received an SBA loan for $180,000. Great job! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender EAST WEST BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 1/2/2004 Loan Approval Gross Amount $180,000 Loan Approval from the SBA Of the total $180,000 loan amount, the SBA guaranteed $90,000. 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 2 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 6 new jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from East West Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Banks for San Marino, California Loans Browse All Business Loan Sources for California
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