First Community Bank SBA Loan to Breweries Company

An SBA loan from First Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cloverdale, California business owner got a $728,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First Community Bank, out of Santa Rosa, California. The loan was granted and they received $728,000 to help grow their Cloverdale, California business.

SBA Loan Borrower

COMPANY TYPE: BREWERIES
CLOVERDALE, CA 95425

SBA Loan Lender

FIRST COMMUNITY BANK
438 FIRST ST
SANTA ROSA, CA 95404

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

312120 - Breweries

Loan Approval Date

1/24/2007

Loan Approval Gross Amount

$728,000

Loan Approval from the SBA

Of the total $728,000 loan amount, the SBA guaranteed $364,000.

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 74 employees. This SBA loan request indicated that the loan would help retain 74 existing jobs.

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SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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