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March 28, 2024  
 
 
  Business Loan Information  
 

Raising Money in Redding, California With SBA Loans

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Full-Service Restaurants

Looking for loans for full-service restaurants? Talk to a banker who works with the SBA. This $333,000 full-service restaurants loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Redding, California, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Umpqua Bank, based in Roseville, California.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
REDDING, CA 95001

SBA Loan Lender

UMPQUA BANK
1050 PLEASANT GROVE, STE 110
ROSEVILLE, CA 95678

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

722110 - Full-Service Restaurants

Loan Approval Date

7/8/2003

Loan Approval Gross Amount

$333,000

Loan Approval from the SBA

Of the total $333,000 loan amount, the SBA guaranteed $249,750.

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 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 45 new jobs and retain 54 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 Umpqua 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:

Business Incubators

Small Business Banks in Roseville, California

SBA Participating Banks in California