Cupertino National Bank A Division Provides SBA Loan to Buy Golf U.S.A. retail Golf Equip. Franchise

Need money to buy a Golf U.S.A. retail Golf Equip. franchise? Cupertino National Bank A Division has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Brentwood, California needed money to invest in a Golf U.S.A. retail Golf Equip. franchise back in 2003. Cupertino National Bank A Division issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

GOLF USA OF BRENTWOOD
BRENTWOOD, CA 94513

SBA Loan Lender

CUPERTINO NATIONAL BANK A DIVISION
20230 STEVENS CREEK BLVD
CUPERTINO, CA 95014

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

12/31/2003

Loan Approval Gross Amount

$246,000

Loan Approval from the SBA

Of the total $246,000 loan amount, the SBA guaranteed $184,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Golf U.S.A. retail Golf Equip. franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

GOLF USA Inc.

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SBA 7A Banks in Cupertino, California

California SBA Bank Lenders