California Entrepreneur Secures Financing to Buy Farmer Boys-Brea Franchise

Need a loan to buy a Farmer Boys-Brea franchise? Bank Of Escondido has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Farmer Boys-Brea franchise? If so, here's a 2005 SBA franchise loan that you should know about. Bank Of Escondido was the lender and the entrepreneur was based in Escondido, California.

SBA Loan Borrower

FARMER BOYS RESTAURANT
ESCONDIDO, CA 92025

SBA Loan Lender

BANK OF ESCONDIDO
200 W GRAND AVE
ESCONDIDO, CA 92025

This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and are well trained in SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/15/2005

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Farmer Boys-Brea franchise. At the time of the loan, the company had 19 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Escondido and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

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SBA 7A Lenders in Escondido, California

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