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May 4, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Eating Places Loan | ||||
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SBA Loans from U.S. Bank National Association
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San Francisco, California Business Gets SBA-Guaranteed Funding from U.S. Bank National AssociationAn SBA loan from U.S. Bank National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a San Francisco, California business owner got a $1,070,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Francisco, California was able to borrow $1,070,000 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $749,995 of this California small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/30/2000 Loan Approval Gross Amount $1,070,000 Loan Approval from the SBA Of the total $1,070,000 loan amount, the SBA guaranteed $749,995. 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 10 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 U.S. Bank National Association 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:
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