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May 2, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Luis Obispo, Business Loans > Coast National Bank San Luis Obispo Business Loans > Limited-Service Restaurants Loan | ||||
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Tips for Business Owners On Getting a Loan
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Commercial Loans for Limited-Service RestaurantsLooking for commercial loans for limited-service restaurants? Try the SBA. This $65,000 limited-service restaurants loan was issued by a California bank. This business knew how to go about getting a business bank loan. Based in San Luis Obispo, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Coast National Bank, based in San Luis Obispo, California. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender COAST NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/5/2002 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $32,500. 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 120 employees. The SBA loan documents indicated that the loan would help retain 120 existing jobs. Start the Process for Getting an SBA Loan Today! If you want money for new small business in San Luis Obispo CA, you ought to talk with a local San Luis Obispo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Luis Obispo businesses. We can help you find the best banks for small businesses in San Luis Obispo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 SBA Banks in San Luis Obispo, California
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