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April 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Rosa, Business Loans > Safe-Bidco Santa Rosa Business Loans > Eating Places Loan | ||||
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Small Business Banks for Healdburg, California Businesses
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Safe-Bidco Gives Small Business Loan to Eating Places CompanyLooking to get a California bank loan? This California entrepreneur got a bank loan, provided by a California bank that works with the SBA to help small business owners. Getting a small business loan in Healdburg, California was a top priority for this loan applicant back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Safe-Bidco. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender SAFE-BIDCO When this loan was made, the lender participated in the SBA's Certified Lenders Program (CLP). This program aims to give quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. 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 5/17/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Healdburg CA, you ought to talk with a local Healdburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Healdburg businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Microlending as a Small Business Funding Source Good Banks for Small Business in Santa Rosa, California
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