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May 2, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Limited-Service Restaurants Loan | ||||
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Getting a Small Business Loan from California Bank & Trust
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Stone Mountain, Georgia Business Gets SBA-Guaranteed Funding from California Bank & TrustCalifornia Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Georgia entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Stone Mountain, Georgia, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was California Bank & Trust, based in Sacramento, California. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender CALIFORNIA BANK & TRUST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/28/2001 Loan Approval Gross Amount $116,000 Loan Approval from the SBA Of the total $116,000 loan amount, the SBA guaranteed $98,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Stone Mountain 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: Find an SBA Lender in Sacramento, California Getting an SBA Loan in California
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