Loan to Buy Johnny Quik Food Store Franchise Issued By Borrego Springs Bank

Need a loan to invest in a Johnny Quik Food Store franchise? Borrego Springs Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Johnny Quik Food Store franchise may simply require a phone call to a local SBA banker. In 2007, Borrego Springs Bank issued an SBA franchise loan to an entrepreneur in Fresno, California. Because Johnny Quik Food Store was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

JOHNNY QUICK #135
FRESNO, CA 93702

SBA Loan Lender

BORREGO SPRINGS BANK
587 PALM CANYON DR, STE 101
BORREGO SPRINGS, CA 92004

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

7/18/2007

Loan Approval Gross Amount

$1,417,500

Loan Approval from the SBA

Of the total $1,417,500 loan amount, the SBA guaranteed $1,063,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Johnny Quik Food Store franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Borrego Springs Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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.

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