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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Camarillo, Business Loans > First California Bank Camarillo Business Loans > Carlson Wagonlit Travel Loan | ||||
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Raising Money in Moorpark, California With SBA Loans
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California Entrepreneur Secures Financing to Buy Carson Wagonlit Travel FranchiseNeed money to purchase a Carson Wagonlit Travel franchise? First California Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Carson Wagonlit Travel franchise? If so, here's a 2000 SBA franchise loan that you should know about. First California Bank was the lender and the entrepreneur was based in Moorpark, California. SBA Loan Borrower CARLSON WAGONLIT TRAVEL SBA Loan Lender FIRST CALIFORNIA BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4724 - Travel Agencies NAICS Code 561510 - Travel Agencies Loan Approval Date 4/20/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Carson Wagonlit Travel franchise. At the time of the loan, the company had 20 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Carlson Wagonlit Travel Associates, Inc. Obtaining Funding From a Venture Capitalist Small Business Banks in Camarillo, California
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