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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Rosa, Business Loans > Sterling Savings Bank Santa Rosa Business Loans > Bed-And-Breakfast Inns Loan | ||||
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California SBA 7A Lenders
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Santa Rosa, California Lender Lends Money to Bed-And-Breakfast Inns CompanyThinking about meeting with a Santa Rosa, California bank about an SBA loan? Here's one California business loan, issued by a Santa Rosa bank, that was approved by the SBA. Applying for an SBA loan with Sterling Savings Bank worked out well for our friends at one local business in Fort Bragg, California. The business was able to get an SBA loan for $635,500. Sweet! SBA Loan Borrower COMPANY TYPE: BED-AND-BREAKFAST INNS SBA Loan Lender STERLING SAVINGS BANK 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 721191 - Bed-and-Breakfast Inns Loan Approval Date 5/14/2001 Loan Approval Gross Amount $635,500 Loan Approval from the SBA Of the total $635,500 loan amount, the SBA guaranteed $476,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 25 employees. This SBA loan request indicated that the loan would help retain 15 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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. Related Links: SBA Participating Banks in Santa Rosa, California
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