Barstow, CA Entrepreneur Gets SBA Loan to Buy Circle K Franchise

Borrowing money to purchase a Circle K franchise? Pacific Western Bank has a history of making these loans and they are guaranteed by the SBA.

Circle K franchise loans are available to Barstow, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pacific Western Bank, based in Escondido, California, issued an SBA franchise loan for a Circle K franchise in 2005. We've got all the details on this California small business loan.

SBA Loan Borrower

LENWOOD FUEL
BARSTOW, CA 92311

SBA Loan Lender

PACIFIC WESTERN BANK
900 CANTERBURY PL
ESCONDIDO, CA 92025

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

12/28/2005

Loan Approval Gross Amount

$1,368,800

Loan Approval from the SBA

Of the total $1,368,800 loan amount, the SBA guaranteed $1,026,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Circle K franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Circle K / TMC Franchise Corporation

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Small Bank Loans in Escondido, California

SBA Lenders in California