Temecula, California Lender Lends Money to Eating Places Company
Thinking about meeting with a Temecula, California bank about a small business loan? Here's one California business loan, issued by a Temecula bank, that was approved by the SBA.
Applying for an SBA loan with Temecula Valley Bank worked out well for our friends at one local firm in Encinitas, California. They received an SBA loan for $542,700. Awesome!
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
ENCINITAS, CA 92029
SBA Loan Lender
TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590
This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and a deep knowledge SBA policies and procedures.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
Loan Approval Date
4/26/2000
Loan Approval Gross Amount
$542,700
Loan Approval from the SBA
Of the total $542,700 loan amount, the SBA guaranteed $407,025.
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 25 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Temecula Valley Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:
Business Credit Evaluation
Find an SBA Lender in Temecula, California
Getting an SBA Loan in California