Drinking Places Loans

Looking for loans for drinking places? An SBA loan may be just what you've been looking for. This $259,200 drinking places loan was issued by a California bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Excel National Bank, out of Beverly Hills, California. The loan was granted and they received $259,200 to help grow their Gold Hill, Oregon business.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
GOLD HILL, OR 97525

SBA Loan Lender

EXCEL NATIONAL BANK
9701 WILSHIRE BLVD
BEVERLY HILLS, CA 90212

This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

12/22/2005

Loan Approval Gross Amount

$259,200

Loan Approval from the SBA

Of the total $259,200 loan amount, the SBA guaranteed $194,400.

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 6 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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

Related Links:

Business Credit Evaluation

Banks in Beverly Hills, California

California SBA Bank Lenders