Santa Rosa, California Lender Lends Money to Limited-Service Restaurants Company
Thinking about meeting 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 San Francisco, California. They received an SBA loan for $196,000. Nice!
SBA Loan Borrower
COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
SAN FRANCISCO, CA 94115
SBA Loan Lender
STERLING SAVINGS BANK
801 FOURTH ST
SANTA ROSA, CA 95404
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
722211 - Limited-Service Restaurants
Loan Approval Date
1/30/2004
Loan Approval Gross Amount
$196,000
Loan Approval from the SBA
Of the total $196,000 loan amount, the SBA guaranteed $147,000.
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 documents indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
Business Line of Credit
Who Lends Money to Small Businesses in Santa Rosa, California
SBA California Banks