 |
 |
November 21, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > Walnut Creek, Business Loans > First Republic Bank Walnut Creek Business Loans > Grocery Stores Loan | ||||
 |
||||
SBA Loan from First Republic Bank
|
||||
 |
Business Loan from First Republic Bank Given to Grocery Stores CompanyAn SBA loan from First Republic Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Petaluma, California business owner got a $267,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Petaluma, California was able to borrow $267,000 from First Republic Bank. The SBA made the loan possible by guaranteeing $200,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender FIRST REPUBLIC BANK 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. SIC Code 5411 - Grocery Stores Loan Approval Date 9/8/2000 Loan Approval Gross Amount $267,000 Loan Approval from the SBA Of the total $267,000 loan amount, the SBA guaranteed $200,250. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Republic Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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. Related Links: SBA Approved Banks in Walnut Creek, California
|
|
||
|
||||
|
|
||||