California Bank Loan Issued to Eating Places Company

Searching for a California small business loan? This California entrepreneur got a small business loan, provided by a California bank that works with the SBA to help small business owners.

Getting a small business loan in Grass Valley, California was a top priority for this small company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Citizens Bank - Northern Califor. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
GRASS VALLEY, CA 95445

SBA Loan Lender

CITIZENS BANK - NORTHERN CALIFOR
305 RAILROAD AVE, STE 1
NEVADA CITY, CA 95959

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/11/2002

Loan Approval Gross Amount

$35,600

Loan Approval from the SBA

Of the total $35,600 loan amount, the SBA guaranteed $30,260.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens Bank - Northern Califor and they will explain how you can get an SBA loan for your company.

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.

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