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December 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Rosa, Business Loans > Sterling Savings Bank Santa Rosa Business Loans > Hotels And Motels Loan | ||||
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Santa Rosa Bank Loan
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Entrepreneur Works With Santa Rosa, California Bank to Get an SBA LoanWant to talk with a Santa Rosa, California bank about an SBA loan? Here's one California business loan, issued by a Santa Rosa bank, that was approved by the SBA. Applying for an SBA loan with Sterling Savings Bank worked out well for our friends at one local firm in Sacramento, California. They got an SBA loan for $1,700,000. Nice! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender STERLING SAVINGS BANK 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 721110 - Hotels and Motels Loan Approval Date 3/26/2002 Loan Approval Gross Amount $1,700,000 Loan Approval from the SBA Of the total $1,700,000 loan amount, the SBA guaranteed $999,991. 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,700,000 loan. Remember, where there is a will, there is a way! 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 Santa Rosa, California
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