Borrow Money to Buy a Gandolfo's New York Delicatessen Franchise

Borrowing money to purchase a Gandolfo's New York Delicatessen franchise? Coast National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Carlsbad, California needed money to invest in a Gandolfo's New York Delicatessen franchise back in 2006. Coast National Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

GANDOLFO'S NEW YORK DELICATESS
CARLSBAD, CA 92008

SBA Loan Lender

COAST NATIONAL BANK
500 MARSH ST
SAN LUIS OBISPO, CA 93401

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

722211 - Limited-Service Restaurants

Loan Approval Date

11/24/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Gandolfo's New York Delicatessen franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 15 new jobs and retain 17 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Coast National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Gandolfo's New York Delicatessen

The Friends and Family Network

Good Banks for Small Business in San Luis Obispo, California

California SBA Bank Lenders