Murrieta, CA Entrepreneur Gets SBA Loan to Buy Indigo Joe's Sport Pub & Restaurant Franchise

Borrowing money to buy an Indigo Joe's Sport Pub & Restaurant franchise? Merchants Bank - California Natl has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Murrieta, California needed money to invest in an Indigo Joe's Sport Pub & Restaurant franchise back in 2006. Merchants Bank - California Natl issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

INDIGO JOE'S SPORTS PUB RESTAU
MURRIETA, CA 92562

SBA Loan Lender

MERCHANTS BANK - CALIFORNIA NATL
1 CIVIC PLAZA DR
CARSON, CA 90745

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/18/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Indigo Joe's Sport Pub & Restaurant franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Merchants Bank - California Natl and they will explain how you can get an SBA loan for your company.

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:

Indigos Franchising

Indigo Joe's Pub & Restaurant

Debt Financing

SBA 7A Lenders in Carson, California

SBA Participating Banks in California