El Cajon, CA Entrepreneur Gets SBA Loan to Buy Great Earth Vitamin Store Franchise

Borrowing money to invest in a Great Earth Vitamin Store franchise? Uniti Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near El Cajon, California and are interested in buying a Great Earth Vitamin Store franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Uniti Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

GREAT EARTH VITAMIN STORE
EL CAJON, CA 92020

SBA Loan Lender

UNITI BANK
6301 BEACH BLVD, STE 100
BUENA PARK, CA 90621

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446191 - Food Supplement Stores

Loan Approval Date

3/13/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $37,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Great Earth Vitamin Store franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Uniti Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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