Corona, California Bank Lends Money to Limited-Service Restaurants Company in National City, California

Find Corona, California banks that specialize in small business loans and know how to work with entrepreneurs. Vineyard Bank is one such bank, as evidenced by this SBA loan to one business.

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

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
NATIONAL CITY, CA 91950

SBA Loan Lender

VINEYARD BANK
1260 CORONA POINTE CT
CORONA, CA 92879

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/16/2005

Loan Approval Gross Amount

$597,000

Loan Approval from the SBA

Of the total $597,000 loan amount, the SBA guaranteed $447,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help generate 18 new jobs and retain 35 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in National City CA, you ought to talk with a local National City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to National City businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Startup Funding Tip

Good Banks for Small Business in Corona, California

Getting an SBA Loan in California