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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Security Pacific Bank Los Angeles Business Loans > Drinking Places Loan | ||||
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How Hard Is It to Get a Small Business Loan in El Centro, California?
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Drinking Places Bank LoansLooking for bank loans for drinking places? Talk to a banker who works with the SBA. This $300,000 drinking places loan was issued by a California bank. This small firm knew how to go about getting a business bank loan. Based in El Centro, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Security Pacific Bank, based in Los Angeles, California. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender SECURITY PACIFIC BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 5/30/2007 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 10 new jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Determining Proper Capital Structure for a Business Best Banks for Small Business in Los Angeles, California Find an SBA Lender in California
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