SBA Loan from Telesis Community Cu Helps Full-Service Restaurants Company
Telesis Community Cu has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.
Getting a small business loan in Los Angeles, California was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Telesis Community Cu, operating out of Chatsworth, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
LOS ANGELES, CA 90027
SBA Loan Lender
TELESIS COMMUNITY CU
9301 WINNETKA AVE
CHATSWORTH, CA 91311
This SBA 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.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
9/26/2003
Loan Approval Gross Amount
$240,000
Loan Approval from the SBA
Of the total $240,000 loan amount, the SBA guaranteed $180,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 9 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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