Fontana, CA Entrepreneur Gets SBA Loan to Buy Charo Chicken Franchise

Need money to purchase a Charo Chicken franchise? Gateway Business Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Charo Chicken franchise is doable. In 2005, Gateway Business Bank issued an SBA franchise loan to an entrepreneur in Fontana, California. Because Charo Chicken was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

CHARO CHICKEN
FONTANA, CA 92335

SBA Loan Lender

GATEWAY BUSINESS BANK
18000 STUDEBAKER RD, STE 550
CERRITOS, CA 90703

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/18/2005

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Charo Chicken franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help create 16 new jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in Fontana CA, you ought to talk with a local Fontana SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fontana businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $350,000 loan. Remember, feel the fear, and do it anyway.

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.

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