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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Arco Am Pm Loan | ||||
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How to Get SBA Loans in Barstow, California
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Barstow, CA Entrepreneur Gets SBA Loan to Buy Arco gas Station FranchiseBorrowing money to buy an Arco gas Station franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Arco gas Station franchise is doable. In 2003, California Bank & Trust issued an SBA franchise loan to an entrepreneur in Barstow, California. Because Arco gas Station was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower ARCO AM PM SBA Loan Lender CALIFORNIA BANK & TRUST 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 1/2/2003 Loan Approval Gross Amount $420,700 Loan Approval from the SBA Of the total $420,700 loan amount, the SBA guaranteed $315,525. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Arco gas Station franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. 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: SBA Banks in Sacramento, California
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