Borrow Money to Buy a Farmer Boys-Brea Franchise

Need a loan to invest in a Farmer Boys-Brea franchise? Bbva Bancomer Usa has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Bloomington, California needed money to invest in a Farmer Boys-Brea franchise back in 2001. Bbva Bancomer Usa issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

FARMER BOYS
BLOOMINGTON, CA 92316

SBA Loan Lender

BBVA BANCOMER USA
21700 COPLEY DRIVE
DIAMOND BAR, CA 91765

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and are well trained in SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722212 - Cafeterias, Grill Buffets, and Buffets

Loan Approval Date

1/10/2001

Loan Approval Gross Amount

$601,000

Loan Approval from the SBA

Of the total $601,000 loan amount, the SBA guaranteed $450,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Farmer Boys-Brea franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bbva Bancomer Usa and they will explain how you can get an SBA loan for your company.

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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