Encinitas, CA Entrepreneur Gets SBA Loan to Buy Winestyles Franchise
Need money to buy a Winestyles franchise? Spectrum Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Encinitas, California needed money to invest in a Winestyles franchise back in 2005. Spectrum Bank issued an SBA franchise loan. Here are the details on this California small business loan.
SBA Loan Borrower
WINESTYLES
ENCINITAS, CA 92024
SBA Loan Lender
SPECTRUM BANK
15615 ALTON PKWY
IRVINE, CA 92618
This SBA business 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
445310 - Beer, Wine, and Liquor Stores
Loan Approval Date
11/29/2005
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 Winestyles franchise. At the time of the loan, the company
had 3 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Spectrum 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.
Related Links:
WineStyles Inc.
Equity Financing
Small Bank Loans in Irvine, California
Getting a Business Loan in California