Elk Grove, CA Entrepreneur Gets SBA Loan to Buy Union 76 Oil Franchise

Borrowing money to invest in an Union 76 Oil franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Union 76 Oil franchise shouldn't be overly burdensome. In 2003, Temecula Valley Bank issued an SBA franchise loan to an entrepreneur in Elk Grove, California. Because Union 76 Oil was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

UNION 76
ELK GROVE, CA 95624

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

11/19/2003

Loan Approval Gross Amount

$673,400

Loan Approval from the SBA

Of the total $673,400 loan amount, the SBA guaranteed $505,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Union 76 Oil franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Business Line of Credit

SBA Banks in Temecula, California

California SBA Bank Lenders