Borrow Money to Buy a Realty World Franchise

Need money to buy a Realty World franchise? Coast National Bank has a history of making these loans and they are guaranteed by the SBA.

Realty World franchise loans are available to Madera, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Coast National Bank, based in San Luis Obispo, California, issued an SBA franchise loan for a Realty World franchise in 2006. We've got all the details on this California small business loan.

SBA Loan Borrower

EDELMIRA TORRES & JEANETTE GAR
MADERA, CA 93638

SBA Loan Lender

COAST NATIONAL BANK
500 MARSH ST
SAN LUIS OBISPO, CA 93401

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

7/27/2006

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $90,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Realty World franchise. At the time of the loan, the company had 16 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 16 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Coast National Bank and they will explain how you can get an SBA loan for your company.

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:

Realty World

Getting a Small Business Loan

Banks in San Luis Obispo, California

California SBA Bank Lenders