Getting an SBA Loan for Commercial Bakeries

With these commercial loans for commercial bakeries, the SBA guarantees the lender that the loan will be repaid. This commercial bakeries loan for $90,000 was given to a California entrepreneur in 2005.

Getting a small business loan in Corona, California was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Premier Service Bank, operating out of Riverside, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL BAKERIES
CORONA, CA 92882

SBA Loan Lender

PREMIER SERVICE BANK
3637 ARLINGTON AVE, STE B
RIVERSIDE, CA 92506

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

2/10/2005

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Premier Service Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Premier Service 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.

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