Borrow Money to Buy a Strings Italian Cafe Franchise

Need a loan to buy a Strings Italian Cafe franchise? Inland Commun Bank has a history of making these loans and they are guaranteed by the SBA.

Strings Italian Cafe franchise loans are available to Lincoln, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Inland Commun Bank, based in Rialto, California, issued an SBA franchise loan for a Strings Italian Cafe franchise in 2005. We've got all the details on this California small business loan.

SBA Loan Borrower

STRINGS ITALIAN CAFE
LINCOLN, CA 95648

SBA Loan Lender

INLAND COMMUN BANK
255 S RIVERSIDE AVE
RIALTO, CA 92376

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

722110 - Full-Service Restaurants

Loan Approval Date

7/21/2005

Loan Approval Gross Amount

$445,800

Loan Approval from the SBA

Of the total $445,800 loan amount, the SBA guaranteed $334,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Strings Italian Cafe franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

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

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Inland Commun 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.

Related Links:

Obtaining Funding - Friends and Family

Small Business Banks in Rialto, California

California SBA Bank Lenders