California Entrepreneur Secures Financing to Buy Chevrolet Franchise

Borrowing money to buy a Chevrolet franchise? Citizens Business 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 a Chevrolet franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Citizens Business Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BAKE CHEVRON HAND CAR WASH
LAKE FOREST, CA 92630

SBA Loan Lender

CITIZENS BUSINESS BANK
4100 W ALAMEDA AVE
BURBANK, CA 91505

This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

9/10/2001

Loan Approval Gross Amount

$1,389,000

Loan Approval from the SBA

Of the total $1,389,000 loan amount, the SBA guaranteed $999,997.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Chevrolet franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,389,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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