Loan to Buy Farmer Boys-Brea Franchise Issued By Bbva Bancomer Usa

Need a loan to buy a Farmer Boys-Brea franchise? Bbva Bancomer Usa has a history of making these loans and they are guaranteed by the SBA.

Farmer Boys-Brea franchise loans are available to Moreno Valley, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bbva Bancomer Usa, based in Diamond Bar, California, issued an SBA franchise loan for a Farmer Boys-Brea franchise in 2003. We've got all the details on this California small business loan.

SBA Loan Borrower

FARMER BOYS FOOD,
MORENO VALLEY, CA 92557

SBA Loan Lender

BBVA BANCOMER USA
21700 COPLEY DRIVE
DIAMOND BAR, CA 91765

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

12/16/2003

Loan Approval Gross Amount

$770,000

Loan Approval from the SBA

Of the total $770,000 loan amount, the SBA guaranteed $577,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Farmer Boys-Brea franchise. At the time of the loan, the company had 40 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

The Art of Bootstrapping

SBA Banks in Diamond Bar, California

California SBA 7A Banks