Loan to Buy Arco gas Station Franchise Issued By First National Bank - Southern Calif

Need a loan to buy an Arco gas Station franchise? First National Bank - Southern Calif has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Arco gas Station franchise? If so, here's a 2004 SBA franchise loan that you should know about. First National Bank - Southern Calif was the lender and the entrepreneur was based in Anaheim Hills, California.

SBA Loan Borrower

SIERRA INVESTMENTS, LLC
ANAHEIM HILLS, CA 92808

SBA Loan Lender

FIRST NATIONAL BANK - SOUTHERN CALIF
302 E BROADWAY
VISTA, CA 92084

When this loan was made, this bank participated in the SBA's Certified Lenders Program (CLP). This program aims to provide rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

4/27/2004

Loan Approval Gross Amount

$1,976,400

Loan Approval from the SBA

Of the total $1,976,400 loan amount, the SBA guaranteed $1,482,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Arco gas Station franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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