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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Goleta, Business Loans > Community W. Bank Goleta Business Loans > Strings Italian Cafe Loan | ||||
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Raising Money in Davis, California With SBA Loans
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California Entrepreneur Secures Financing to Buy Strings Italian Cafe FranchiseNeed a loan to buy a Strings Italian Cafe franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Strings Italian Cafe franchise may simply require a phone call to a local SBA banker. In 2001, Community W. Bank issued an SBA franchise loan to an entrepreneur in Davis, California. Because Strings Italian Cafe was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower STRINGS ITALIAN CAFE SBA Loan Lender COMMUNITY W. BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/2/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Strings Italian Cafe franchise. At the time of the loan, the company had 22 employees. The SBA loan documents indicated that the loan would help retain 22 existing jobs. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money We can help you find the best banks for small businesses in Davis 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. Related Links:
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