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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Mccarthy Ranch Corporation Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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California Bank & Trust Provides SBA Loan to Buy Chevron gas Station FranchiseNeed a loan to purchase a Chevron gas Station franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Chevron gas Station franchise loans are available to Milpitas, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, California Bank & Trust, based in Sacramento, California, issued an SBA franchise loan for a Chevron gas Station franchise in 2003. We've got all the details on this California small business loan. SBA Loan Borrower MCCARTHY RANCH CORPORATION SBA Loan Lender CALIFORNIA BANK & TRUST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 12/15/2003 Loan Approval Gross Amount $1,150,000 Loan Approval from the SBA Of the total $1,150,000 loan amount, the SBA guaranteed $862,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Chevron gas Station franchise. At the time of the loan, the company had 13 employees. The SBA loan documents indicated that the loan would help retain 13 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Banks in Sacramento, California
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