How to Get a Loan for Full-Service Restaurants
With these business loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $120,000 was given to a California entrepreneur in 2000.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Walnut Creek, California was able to borrow $120,000 from California Bank & Trust. The SBA made the loan possible by guaranteeing $90,000 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
WALNUT CREEK, CA 94596
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
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.
SIC Code
5812 - Eating Places
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
1/19/2000
Loan Approval Gross Amount
$120,000
Loan Approval from the SBA
Of the total $120,000 loan amount, the SBA guaranteed $90,000.
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 30 employees. This SBA loan request indicated that the loan would help retain 30 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are working on finding money to start a business in Walnut Creek CA, you ought to talk with a local Walnut Creek SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Walnut Creek 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:
Business Incubators
SBA 7A Banks for Sacramento, California Loans
Browse All Business Loan Sources for California