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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > City Of Industry, Business Loans > American Continental Bank City Of Industry Business Loans > Saxby's Coffee Loan | ||||
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Raising Money in Fairfield, California With SBA Loans
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Fairfield, CA Entrepreneur Gets SBA Loan to Buy Saxbys Coffee FranchiseNeed money to buy a Saxbys Coffee franchise? American Continental Bank has a history of making these loans and they are guaranteed by the SBA. Saxbys Coffee franchise loans are available to Fairfield, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, American Continental Bank, based in City Of Industry, California, issued an SBA franchise loan for a Saxbys Coffee franchise in 2007. We've got all the details on this California small business loan. SBA Loan Borrower SAXBY'S COFFEE SBA Loan Lender AMERICAN CONTINENTAL BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 7/12/2007 Loan Approval Gross Amount $180,000 Loan Approval from the SBA Of the total $180,000 loan amount, the SBA guaranteed $135,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Saxbys Coffee franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 7 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $180,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best City Of Industry, California Banks for Small Business
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