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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Luis Obispo, Business Loans > Founders Community Bank San Luis Obispo Business Loans > Central Coast Tastee Freez Loan | ||||
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SBA Franchise Financing Lender Atascadero California
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Founders Community Bank Provides SBA Loan to Buy Tastee Freez FranchiseNeed a loan to invest in a Tastee Freez franchise? Founders Community Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Atascadero, California needed money to invest in a Tastee Freez franchise back in 2007. Founders Community Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower CENTRAL COAST TASTEE FREEZ SBA Loan Lender FOUNDERS COMMUNITY BANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/31/2007 Loan Approval Gross Amount $265,000 Loan Approval from the SBA Of the total $265,000 loan amount, the SBA guaranteed $132,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Tastee Freez franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 22 existing jobs. Start the Process for Getting an SBA Loan Today! 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Founders Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Microlending as a Small Business Funding Source Best Banks for Small Business in San Luis Obispo, California Browse All Business Loan Sources for California
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