Bank Loans for Drinking Places
Looking for bank loans for drinking places? An SBA loan may be just what you've been looking for. This $500,000 drinking places loan was issued by a California bank.
This company knew how to go about getting a business bank loan. Based in Healdburg, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was North Coast Bank A Division -, based in Santa Rosa, California.
SBA Loan Borrower
COMPANY TYPE: DRINKING PLACES
HEALDBURG, CA 95448
SBA Loan Lender
NORTH COAST BANK A DIVISION -
50 SANTA ROSA AVE, STE 100
SANTA ROSA, CA 95404
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
5813 - Drinking Places
722410 - Drinking Places
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $500,000 loan amount, the SBA guaranteed $375,000.
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 70 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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.
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