California Entrepreneur Secures Financing to Buy We The People Forms And Service Ctr. Franchise

Borrowing money to purchase a We The People Forms And Service Ctr. franchise? First Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a We The People Forms And Service Ctr. franchise requires some effort but others before you have been successful. In 2003, First Bank issued an SBA franchise loan to an entrepreneur in Glendale, California. Because We The People Forms And Service Ctr. was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

WE THE PEOPLE
GLENDALE, CA 91205

SBA Loan Lender

FIRST BANK
318 4TH AVE
CHULA VISTA, CA 91910

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring 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.

NAICS Code

541199 - Legal Services

Loan Approval Date

12/1/2003

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a We The People Forms And Service Ctr. franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

We the People Legal Document Services

Borrowing Money from Friends and Family

Find an SBA Lender in Chula Vista, California

California SBA Bank Lenders