California Entrepreneur Secures Financing to Buy La Boxing Franchise
Borrowing money to buy a La Boxing franchise? Spectrum Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a La Boxing franchise? If so, here's a 2007 SBA franchise loan that you should know about. Spectrum Bank was the lender and the entrepreneur was based in Carlsbad, California.
SBA Loan Borrower
LA BOXING
CARLSBAD, CA 92008
SBA Loan Lender
SPECTRUM BANK
15615 ALTON PKWY
IRVINE, CA 92618
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
711211 - Sports Teams and Clubs
Loan Approval Date
4/16/2007
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a La Boxing 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 8 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.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Spectrum Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
LA Boxing Franchise Corporation
Direct Public Offerings
Good Banks for Small Business in Irvine, California
Where to Get an SBA Loan California