Loan to Buy Hogi Yogi Franchise Issued By Community Bank

Need money to purchase a Hogi Yogi franchise? Community Bank has a history of making these loans and they are guaranteed by the SBA.

Hogi Yogi franchise loans are available to Glendale, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank, based in Pasadena, California, issued an SBA franchise loan for a Hogi Yogi franchise in 2000. We've got all the details on this California small business loan.

SBA Loan Borrower

HOGI YOGI
GLENDALE, CA 91203

SBA Loan Lender

COMMUNITY BANK
790 E COLORADO BLVD
PASADENA, CA 91101

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/7/2000

Loan Approval Gross Amount

$98,500

Loan Approval from the SBA

Of the total $98,500 loan amount, the SBA guaranteed $78,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hogi Yogi franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $98,500. How would you spend $98,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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