Get an SBA Loan for Specialty Food Stores
Looking for small business loans for specialty food stores? An SBA loan may be just what you've been looking for. This $100,000 specialty food stores loan was issued by a California bank.
This company knew how to go about getting a business bank loan. Based in Ventura (corporate Name San Bu, California, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Cathay Bank, based in Alhambra, California.
SBA Loan Borrower
COMPANY TYPE: SPECIALTY FOOD STORES
VENTURA (CORPORATE NAME SAN BU, CA 93009
SBA Loan Lender
CATHAY BANK
1420 E VALLEY BLVD
ALHAMBRA, CA 91801
This lender provides SBA business loans 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
445299 - Specialty Food Stores
Loan Approval Date
4/30/2001
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $85,000.
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 12 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 17 existing jobs.
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.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cathay Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cathay Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
Small Business Credit Cards
Small Business Banks in Alhambra, California
SBA California Banks