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December 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Santa Barbara, Business Loans > Pacific Cap. Bank Santa Barbara Business Loans > Big O Tires Loan | ||||
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Business Loans for Globe Entrepreneurs
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Borrow Money to Buy a Big O Tires dealers FranchiseBorrowing money to purchase a Big O Tires dealers franchise? Pacific Cap. Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Globe, Arizona needed money to invest in a Big O Tires dealers franchise back in 2007. Pacific Cap. Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan. SBA Loan Borrower BIG O TIRES SBA Loan Lender PACIFIC CAP. BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 2/28/2007 Loan Approval Gross Amount $1,518,500 Loan Approval from the SBA Of the total $1,518,500 loan amount, the SBA guaranteed $1,138,875. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 11 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $1,518,500. How would you spend $1,518,500 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. Related Links: SBA Participating Banks in Santa Barbara, California
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