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April 30, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Los Angeles, Business Loans > Pacific City Bank Los Angeles Business Loans > Full-Service Restaurants Loan | ||||
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How to Get SBA Loans in Rockwall, Texas
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Small Business Loans for Full-Service RestaurantsLooking for small business loans for full-service restaurants? Talk to a banker who works with the SBA. This $457,000 full-service restaurants loan was issued by a California bank. This small firm knew how to go about getting a business bank loan. Based in Rockwall, Texas, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Pacific City Bank, based in Los Angeles, California. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender PACIFIC CITY BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/13/2007 Loan Approval Gross Amount $457,000 Loan Approval from the SBA Of the total $457,000 loan amount, the SBA guaranteed $342,750. 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 25 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 25 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Pacific City Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Lenders in Los Angeles, California
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