Irvine, CA Entrepreneur Gets SBA Loan to Buy Apple Spice Junction Franchise
Need money to invest in an Apple Spice Junction franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy an Apple Spice Junction franchise? If so, here's a 2005 SBA franchise loan that you should know about. Business Lenders, LLC was the lender and the entrepreneur was based in Irvine, California.
SBA Loan Borrower
APPLE SPICE JUNCTION
IRVINE, CA 92618
SBA Loan Lender
BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
10/7/2005
Loan Approval Gross Amount
$183,750
Loan Approval from the SBA
Of the total $183,750 loan amount, the SBA guaranteed $137,813.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Apple Spice Junction franchise. At the time of the loan, the company
had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
This SBA loan was for $183,750. How would you spend $183,750 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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