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April 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > La Mesa, Business Loans > Borrego Springs Bank La Mesa Business Loans > Eating Places Loan | ||||
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California Bank SBA Loans
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Borrego Springs Bank SBA Loan to Eating Places CompanySearching for a California business loan? Here's one California business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Ridgecrest, California, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Borrego Springs Bank, based in La Mesa, California. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BORREGO SPRINGS BANK This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a thorough understanding of SBA lending rules and regulations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 3/6/2000 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $97,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 14 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Good Banks for Small Business in La Mesa, California
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