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March 28, 2024  
 
 
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Business Loans for Sheridan Businesses

 

 
Loan Census SBA Loan Info

Full-Service Restaurants Small Business Loans

With these small business loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $412,000 was given to a California entrepreneur in 2006.

This company knew how to go about getting a business bank loan. Based in Sheridan, California, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Umpqua Bank, based in Cameron Park, California.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
SHERIDAN, CA 95681

SBA Loan Lender

UMPQUA BANK
4080 PLAZA GOLDORADO CIR
CAMERON PARK, CA 95682

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

722110 - Full-Service Restaurants

Loan Approval Date

1/13/2006

Loan Approval Gross Amount

$412,000

Loan Approval from the SBA

Of the total $412,000 loan amount, the SBA guaranteed $309,000.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

How to Raise Money

Best Banks in Cameron Park, California

Getting an SBA Loan in California