California Entrepreneur Secures Financing to Buy Aaron Rental Purchase Franchise

Borrowing money to invest in an Aaron Rental Purchase franchise? Professional Business Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lawndale, California needed money to invest in an Aaron Rental Purchase franchise back in 2004. Professional Business Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

AARON'S SALES & LEASING
LAWNDALE, CA 90260

SBA Loan Lender

PROFESSIONAL BUSINESS BANK
199 S LOS ROBLES AVE, STE 130
PASADENA, CA 91101

This lender provides SBA debt financing 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

532299 - Consumer Goods Rental

Loan Approval Date

6/15/2004

Loan Approval Gross Amount

$1,423,700

Loan Approval from the SBA

Of the total $1,423,700 loan amount, the SBA guaranteed $1,067,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Aaron Rental Purchase franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,423,700 loan. Remember, things become real when you believe you can achieve them!

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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