Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Temecula Valley Bank Small Business Franchise Loan

 

 
Loan Census SBA Loan Info

Temecula Valley Bank Provides SBA Loan to Buy Pro Cuts Franchise

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

An entrepreneur in Fairfield, Texas needed money to invest in a Pro Cuts franchise back in 2002. Temecula Valley Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

FULLER PRO CUTS INC
FAIRFIELD, TX 75840

SBA Loan Lender

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

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812111 - Barber Shops

Loan Approval Date

8/14/2002

Loan Approval Gross Amount

$136,400

Loan Approval from the SBA

Of the total $136,400 loan amount, the SBA guaranteed $115,940.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pro Cuts franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Pro-Cuts

Raising Venture Capital

Where to Get an SBA Loan in Temecula, California

California SBA Bank Lenders