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