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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Chula Vista, Business Loans > Seacoast Commerce Bank Chula Vista Business Loans > Baskin Robbins #6430 Loan | ||||
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Raising Money in Chula Vista, California With SBA Loans
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California Entrepreneur Secures Financing to Buy Baskin-Robbins 31 Ice Cream FranchiseNeed money to buy a Baskin-Robbins 31 Ice Cream franchise? Seacoast Commerce Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Chula Vista, California needed money to invest in a Baskin-Robbins 31 Ice Cream franchise back in 2006. Seacoast Commerce Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower BASKIN ROBBINS #6430 SBA Loan Lender SEACOAST COMMERCE 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 7/13/2006 Loan Approval Gross Amount $178,000 Loan Approval from the SBA Of the total $178,000 loan amount, the SBA guaranteed $133,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Baskin-Robbins 31 Ice Cream franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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: Best Chula Vista, California Banks for Small Business
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