Spokane, Washington Bank Lends Money to Full-Service Restaurants Company in Guerneville, California

Want to talk with a Spokane, Washington bank about a small business loan? Here's one California business loan, issued by a Spokane bank, that was approved by the SBA.

Applying for an SBA loan with Sterling Savings Bank worked out well for our friends at one local firm in Guerneville, California. The business was able to get an SBA loan for $307,500. Nice!

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
Guerneville, CA 95446

SBA Loan Lender

STERLING SAVINGS BANK
111 N WALL ST
SPOKANE, WA 99201

This lender provides SBA debt financing 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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/15/2007

Loan Approval Gross Amount

$307,500

Loan Approval from the SBA

Of the total $307,500 loan amount, the SBA guaranteed $230,625.

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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 Sterling Savings 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.

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Small Business Banks in Spokane, Washington

Getting a Business Loan in Washington