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November 14, 2024  
 
 
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Requirements for Financing a Franchise

 

 
Loan Census SBA Loan Info

California Entrepreneur Secures Financing to Buy Tacone Franchise

Need a loan to invest in a Tacone franchise? Premier Comm. Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Manhattan Beach, California needed money to invest in a Tacone franchise back in 2003. Premier Comm. Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

TACONE
MANHATTAN BEACH, CA 90266

SBA Loan Lender

PREMIER COMM. BANK
2400 E KATELLA AVE, STE 125
ANAHEIM, CA 92806

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/15/2003

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tacone franchise. At the time of the loan, the company had 11 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Tacone

A Company That Helps Entrepreneurs

SBA Approved Banks in Anaheim, California

SBA California Banks