Pleasanton, California Lender Lends Money to Full-Service Restaurants Company

Get to know Pleasanton, California banks that specialize in small business loans and know how to work with entrepreneurs. Valley Community Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Livermore, California starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Valley Community Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
LIVERMORE, CA 94550

SBA Loan Lender

VALLEY COMMUNITY BANK
465 MAIN ST
PLEASANTON, CA 94566

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/21/2002

Loan Approval Gross Amount

$109,500

Loan Approval from the SBA

Of the total $109,500 loan amount, the SBA guaranteed $93,075.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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