Full-Service Restaurants Business Loans

Looking for business loans for full-service restaurants? Talk to a banker who works with the SBA. This $130,000 full-service restaurants loan was issued by a California bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Cathay Bank, out of Los Angeles, California. The loan was granted and they received $130,000 to help grow their Irvine, California business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
IRVINE, CA 92604

SBA Loan Lender

CATHAY BANK
777 N BROADWAY
LOS ANGELES, CA 90012

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the 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

12/13/2000

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $97,500.

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. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Irvine CA, you ought to talk with a local Irvine SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Irvine businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? 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.

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