Downey, CA Entrepreneur Gets SBA Loan to Buy Home Instead Senior Care Franchise

Need money to buy a Home Instead Senior Care franchise? First Private Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Home Instead Senior Care franchise loans are available to Downey, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Private Bank & Trust, based in Encino, California, issued an SBA franchise loan for a Home Instead Senior Care franchise in 2003. We've got all the details on this California small business loan.

SBA Loan Borrower

HOME INSTEAD SENIOR CARE
DOWNEY, CA 90242

SBA Loan Lender

FIRST PRIVATE BANK & TRUST
16000 VENTURA BLVD
ENCINO, CA 91436

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

621610 - Home Health Care Services

Loan Approval Date

6/18/2003

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Home Instead Senior Care franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Downey CA, you ought to talk with a local Downey SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Downey businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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