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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Corona, Business Loans > Vineyard Bank Corona Business Loans > Drinking Places Loan | ||||
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SBA 7A Banks for San Diego Business Owners
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Getting an SBA Loan for Drinking PlacesWith these business loans for drinking places, the SBA guarantees the lender that the loan will be repaid. This drinking places loan for $265,500 was given to a California entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Diego, California was able to borrow $265,500 from Vineyard Bank. The SBA made the loan possible by guaranteeing $199,125 of this California small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender VINEYARD BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 10/31/2002 Loan Approval Gross Amount $265,500 Loan Approval from the SBA Of the total $265,500 loan amount, the SBA guaranteed $199,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Vineyard Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Role of Business Plan When Raising Money Good Banks for Small Business in Corona, California
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