Fairfield, CA Entrepreneur Gets SBA Loan to Buy Saxbys Coffee Franchise
Need 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
FAIRFIELD, CA 94533
SBA Loan Lender
AMERICAN CONTINENTAL BANK
17700 CASTLETON ST, STE 100
CITY OF INDUSTRY, CA 91748
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:
Saxbys Coffee Franchises
Getting a Small Business Loan
Best City Of Industry, California Banks for Small Business
California SBA 7A Lenders