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May 2, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Rosa, Business Loans > Sterling Savings Bank Santa Rosa Business Loans > Bed-And-Breakfast Inns Loan | ||||
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California Small Business Funding
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Bed-and-Breakfast Inns LoansLooking for loans for bed-and-breakfast inns? An SBA loan may be just what you've been looking for. This $587,000 bed-and-breakfast inns loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Bragg, California was able to borrow $587,000 from Sterling Savings Bank. The SBA made the loan possible by guaranteeing $440,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: BED-AND-BREAKFAST INNS SBA Loan Lender STERLING SAVINGS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721191 - Bed-and-Breakfast Inns Loan Approval Date 12/14/2001 Loan Approval Gross Amount $587,000 Loan Approval from the SBA Of the total $587,000 loan amount, the SBA guaranteed $440,250. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Obtaining Funding - Getting Venture Capital Who Lends Money to Small Businesses in Santa Rosa, California Find an SBA Lender in California
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