Washington, District of Columbia Bank Gives SBA Loan to Eating Places Company

Thinking about meeting with a Washington, District of Columbia bank about a small business loan? Here's one California business loan, issued by a Washington bank, that was approved by the SBA.

Applying for an SBA loan with Loans From Old Closed Lenders worked out well for our friends at one local company in San Francisco, California. The business was able to get an SBA loan for $197,900. Awesome!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
SAN FRANCISCO, CA 94124

SBA Loan Lender

LOANS FROM OLD CLOSED LENDERS
409 3RD STREET S.W., SUITE 83
WASHINGTON, DC 20416

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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/10/2000

Loan Approval Gross Amount

$197,900

Loan Approval from the SBA

Of the total $197,900 loan amount, the SBA guaranteed $148,425.

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 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Loans From Old Closed Lenders so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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