Entrepreneur Works With Oakland, California Bank to Get an SBA Loan
An Oakland, California small business loan can be yours. Learn how a company got a $290,000 business loan from this California bank.
This loan to an entrepreneur is a good example of an SBA loan. Innovative Bank made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
SUNNYVALE, CA 94087
SBA Loan Lender
INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
5/23/2007
Loan Approval Gross Amount
$290,000
Loan Approval from the SBA
Of the total $290,000 loan amount, the SBA guaranteed $217,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 9 employees. This SBA loan request indicated that the loan would help generate 9 new jobs and retain 9 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are working on finding money to start a business in Sunnyvale CA, you ought to talk with a local Sunnyvale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sunnyvale businesses.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:
Alternative Financing
Best Oakland, California Banks for Small Business
SBA California Lenders