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April 29, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Plano, Business Loans > Beal Bank, D/b/a Beal Bank Plano Business Loans > Retail Bakeries Loan | ||||
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How to Get a Small Business Loan from Beal Bank, D/b/a Beal Bank
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Beal Bank, D/b/a Beal Bank SBA Loan to Retail Bakeries CompanyBeal Bank, D/b/a Beal Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fairfield, California was able to borrow $157,500 from Beal Bank, D/b/a Beal Bank. The SBA made the loan possible by guaranteeing $118,125 of this California small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender BEAL BANK, D/B/A BEAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5461 - Retail Bakeries NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 11/28/2000 Loan Approval Gross Amount $157,500 Loan Approval from the SBA Of the total $157,500 loan amount, the SBA guaranteed $118,125. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to raise money for a business in Fairfield CA, you ought to talk with a local Fairfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fairfield businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Beal Bank, D/b/a Beal Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Who Lends Money to Small Businesses in Plano, Texas
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