Northridge, CA Entrepreneur Gets SBA Loan to Buy Johnny Rockets Franchise

Need a loan to buy a Johnny Rockets franchise? Security Pacific Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Northridge, California and are interested in buying a Johnny Rockets franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Security Pacific Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

JOHNNY ROCKETS #386 AND ROBEKS
NORTHRIDGE, CA 91325

SBA Loan Lender

SECURITY PACIFIC BANK
12121 WILSHIRE BLVD, STE 1350
LOS ANGELES, CA 90025

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

722211 - Limited-Service Restaurants

Loan Approval Date

8/24/2007

Loan Approval Gross Amount

$938,000

Loan Approval from the SBA

Of the total $938,000 loan amount, the SBA guaranteed $703,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Johnny Rockets franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help create 12 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Security Pacific Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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Getting an SBA Loan in California