Full-Service Restaurants SBA Loans
Looking for SBA loans for full-service restaurants? Talk to a banker who works with the SBA. This $208,000 full-service restaurants loan was issued by a California bank.
Getting a small business loan in Visalia, California was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from County Bank, operating out of Hanford, California. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
VISALIA, CA 93291
SBA Loan Lender
890 W LACEY BLVD
HANFORD, CA 93230
This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
5812 - Eating Places
722110 - Full-Service Restaurants
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $208,000 loan amount, the SBA guaranteed $156,000.
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 30 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
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.
Role of Business Plan When Raising Money
SBA Approved Banks in Hanford, California
California SBA 7A Lenders