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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Security Pacific Bank Los Angeles Business Loans > Blendz LLC Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Campbell, CA Entrepreneur Gets SBA Loan to Buy FranchiseNeed money to invest in a franchise? Security Pacific Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Campbell, California needed money to invest in a franchise back in 2008. Security Pacific Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower BLENDZ LLC SBA Loan Lender SECURITY PACIFIC BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/25/2008 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower indicated that the loan would help retain 20 existing jobs. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Campbell CA, you ought to talk with a local Campbell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Campbell businesses. 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: Small Bank Loans in Los Angeles, California
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