Santa Rosa, California Bank Lends Money to Hotels And Motels Company in Lakehead, California

Want to talk with a Santa Rosa, California bank about a small business 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 company in Lakehead, California. They got an SBA loan for $625,000. Nice!

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
LAKEHEAD, CA 96051

SBA Loan Lender

STERLING SAVINGS BANK
801 FOURTH ST
SANTA ROSA, CA 95404

This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending history and are well trained in SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721214 - Recreational and Vacation Camps

Loan Approval Date

5/9/2001

Loan Approval Gross Amount

$625,000

Loan Approval from the SBA

Of the total $625,000 loan amount, the SBA guaranteed $468,750.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Lakehead CA, you ought to talk with a local Lakehead SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lakehead businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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