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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Duarte, Business Loans > Inland Commun Bank Duarte Business Loans > Eating Places Loan | ||||
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SBA Lenders California
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Duarte, California Bank Gives SBA Loan to Eating Places CompanyThinking about meeting with a Duarte, California bank about a small business loan? Here's one California business loan, issued by a Duarte bank, that was approved by the SBA. Applying for an SBA loan with Inland Commun Bank worked out well for our friends at one local business in Long Beach, California. They received an SBA loan for $100,000. Way to go! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender INLAND COMMUN BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 9/30/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. 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 30 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Inland Commun Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Who Lends Money to Small Businesses in Duarte, California
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