California Entrepreneur Secures Financing to Buy Farmer Boys World's Greatest Restaur Franchise

Need a loan to invest in a Farmer Boys World's Greatest Restaur franchise? Gateway Business Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Fontana, California needed money to invest in a Farmer Boys World's Greatest Restaur franchise back in 2006. Gateway Business Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

FARMER BOYS
FONTANA, CA 92336

SBA Loan Lender

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

This lender provides SBA bank 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

722110 - Full-Service Restaurants

Loan Approval Date

10/17/2006

Loan Approval Gross Amount

$1,200,000

Loan Approval from the SBA

Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Farmer Boys World's Greatest Restaur franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 18 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 $1,200,000 loan. Remember, anyone can do it... so why not you?

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:

Farmer Boys Restaurants

Debt Financing

Small Bank Loans in Cerritos, California

California SBA Bank Lenders