Loan to Buy Johnny Quik Food Store Franchise Issued By Pacific Western Bank

Need money to buy a Johnny Quik Food Store franchise? Pacific Western 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 shouldn't be too tough. In 2005, Pacific Western 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 QUIK FOOD STORE #171
FRESNO, CA 93727

SBA Loan Lender

PACIFIC WESTERN BANK
900 CANTERBURY PL
ESCONDIDO, CA 92025

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

4/29/2005

Loan Approval Gross Amount

$1,021,000

Loan Approval from the SBA

Of the total $1,021,000 loan amount, the SBA guaranteed $765,750.

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 16 employees. The loan application indicated that the loan would help retain 16 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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