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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Irvine, Business Loans > Metropacific Bank Irvine Business Loans > Full-Service Restaurants Loan | ||||
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Metropacific Bank
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SBA Loan from Metropacific Bank Helps Full-Service Restaurants CompanyAn SBA loan from Metropacific Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Irvine, California business owner got a $683,900 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Irvine, California was able to borrow $683,900 from Metropacific Bank. The SBA made the loan possible by guaranteeing $512,925 of this California small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender METROPACIFIC BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/7/2007 Loan Approval Gross Amount $683,900 Loan Approval from the SBA Of the total $683,900 loan amount, the SBA guaranteed $512,925. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 21 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding - How to Decide How Much to Raise SBA Approved Banks in Irvine, California
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