Loan to Buy Circle K Franchise Issued By Us Metro Bank

Need a loan to buy a Circle K franchise? Us Metro Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Circle K franchise shouldn't be overly burdensome. In 2007, Us Metro Bank issued an SBA franchise loan to an entrepreneur in Inglewood, California. Because Circle K was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

VENEET KHANNA & BHAWNA KHANNA DBA CALIFORN
Inglewood, CA 90301

SBA Loan Lender

US METRO BANK
9866 GARDEN GROVE BLVD
GARDEN GROVE, CA 92844

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

11/9/2007

Loan Approval Gross Amount

$1,710,000

Loan Approval from the SBA

Of the total $1,710,000 loan amount, the SBA guaranteed $1,282,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Circle K franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

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 firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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