SBA Loan from Vineyard Bank Helps Retail Bakeries Company

Vineyard Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Vineyard Bank, out of Corona, California. The loan was granted and they received $533,000 to help grow their Lemon Grove, California business.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
LEMON GROVE, CA 91945

SBA Loan Lender

VINEYARD BANK
1260 CORONA POINTE CT
CORONA, CA 92879

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

10/24/2005

Loan Approval Gross Amount

$533,000

Loan Approval from the SBA

Of the total $533,000 loan amount, the SBA guaranteed $399,750.

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 48 employees. This SBA loan request indicated that the loan would help generate 37 new jobs and retain 85 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Lemon Grove CA, you ought to talk with a local Lemon Grove SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lemon Grove businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Vineyard Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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