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November 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Lancaster, Business Loans > Union Bank Of California Lancaster Business Loans > Eating Places Loan | ||||
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California Bank SBA Loans
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Union Bank Of California SBA Loan to Eating Places CompanySearching for a California SBA loan? Here's one California business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Valencia, California was able to borrow $106,650 from Union Bank Of California. The SBA made the loan possible by guaranteeing $79,987 of this California small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender UNION BANK OF CALIFORNIA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 3/1/2000 Loan Approval Gross Amount $106,650 Loan Approval from the SBA Of the total $106,650 loan amount, the SBA guaranteed $79,987. 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 9 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Lancaster, California Browse All Business Loan Sources for California
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