Stockton, California Bank Gives SBA Loan to Limited-Service Restaurants Company

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

Finding a small business loan in Sonora, California starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Bank Of Stockton. 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
SONORA, CA 95370

SBA Loan Lender

BANK OF STOCKTON
6808 PACIFIC AVE
STOCKTON, CA 95207

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/9/2002

Loan Approval Gross Amount

$200,800

Loan Approval from the SBA

Of the total $200,800 loan amount, the SBA guaranteed $150,600.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Sonora or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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