Lake Forest, CA Entrepreneur Gets SBA Loan to Buy Arco gas Station Franchise

Borrowing money to buy an Arco gas Station franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Lake Forest, California and are interested in buying an Arco gas Station franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Temecula Valley Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ARCO AMPM LAKE FOREST
LAKE FOREST, CA 92630

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

5/17/2002

Loan Approval Gross Amount

$1,333,300

Loan Approval from the SBA

Of the total $1,333,300 loan amount, the SBA guaranteed $999,975.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Arco gas Station franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $1,333,300. How would you spend $1,333,300 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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