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December 22, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Gilroy, Business Loans > South Valley National Bank A Divis Gilroy Business Loans > Limited-Service Restaurants Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Raising Money for Limited-Service RestaurantsLooking for business loans for limited-service restaurants? The SBA may be the answer. This $218,500 limited-service restaurants loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Vancouver, Washington was able to borrow $218,500 from South Valley National Bank A Divis. The SBA made the loan possible by guaranteeing $163,875 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender SOUTH VALLEY NATIONAL BANK A DIVIS This lender provides SBA debt financing 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 722211 - Limited-Service Restaurants Loan Approval Date 6/19/2007 Loan Approval Gross Amount $218,500 Loan Approval from the SBA Of the total $218,500 loan amount, the SBA guaranteed $163,875. 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 2 employees. The SBA loan documents indicated that the loan would help create 2 new jobs. Getting an SBA Loan For Your Business If you are wondering how to raise money for a company in Vancouver WA, you ought to talk with a local Vancouver SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Vancouver businesses. 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: Banking Deregulation's Effects on Entrepreneurship
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