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November 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > Union Bank Of California San Francisco Business Loans > 3 Sess Inc Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Fremont (centerville), CA Entrepreneur Gets SBA Loan to Buy Robeks Juice FranchiseBorrowing money to invest in a Robeks Juice franchise? Union Bank Of California has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Robeks Juice franchise? If so, here's a 2004 SBA franchise loan that you should know about. Union Bank Of California was the lender and the entrepreneur was based in Fremont (centerville), California. SBA Loan Borrower 3 SESS INC SBA Loan Lender UNION BANK OF CALIFORNIA This lender provides SBA debt financing 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 3/29/2004 Loan Approval Gross Amount $242,500 Loan Approval from the SBA Of the total $242,500 loan amount, the SBA guaranteed $181,875. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Robeks Juice franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Union Bank Of California and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: How Much Venture Capital Is There? Small Bank Loans in San Francisco, California
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