California Entrepreneur Secures Financing to Buy Mrs. Field's Cookies Franchise

Borrowing money to purchase a Mrs. Field's Cookies franchise? First National Bank - Southern Calif has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mrs. Field's Cookies franchise requires some effort but others before you have been successful. In 2003, First National Bank - Southern Calif issued an SBA franchise loan to an entrepreneur in Los Angeles, California. Because Mrs. Field's Cookies was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

MRS. FIELD'S COOKIES
LOS ANGELES, CA 90024

SBA Loan Lender

FIRST NATIONAL BANK - SOUTHERN CALIF
2365 MARRON RD
CARLSBAD, CA 92008

When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program aims to ensure expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

8/20/2003

Loan Approval Gross Amount

$344,400

Loan Approval from the SBA

Of the total $344,400 loan amount, the SBA guaranteed $258,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Los Angeles CA, you ought to talk with a local Los Angeles SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Los Angeles businesses.

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 $344,400 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.

Related Links:

Mrs. Fields Original Cookies, Inc.

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Small Business Banks in Carlsbad, California

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