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November 15, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Sacramento, Business Loans > Comerica Bank Sacramento Business Loans > Eating Places Loan | ||||
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Small Business Banks in New Jersey
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Raising Money for Limited-Service RestaurantsLooking for bank loans for limited-service restaurants? Talk to a banker who works with the SBA. This $345,600 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 Westfield, New Jersey was able to borrow $345,600 from Comerica Bank. The SBA made the loan possible by guaranteeing $259,200 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender COMERICA BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 2/12/2004 Loan Approval Gross Amount $345,600 Loan Approval from the SBA Of the total $345,600 loan amount, the SBA guaranteed $259,200. 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 15 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company. 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: Advice on Getting a Small Business Loan Small Bank Loans in Sacramento, California Getting a Business Loan in California
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