Northridge, CA Entrepreneur Gets SBA Loan to Buy Melt Cafe & Gelato Bar Franchise

Need money to invest in a Melt Cafe & Gelato Bar franchise? National Bank Of California has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Northridge, California needed money to invest in a Melt Cafe & Gelato Bar franchise back in 2007. National Bank Of California issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

MELT CAFE & GELATO BAR INC
NORTHRIDGE, CA 91324

SBA Loan Lender

NATIONAL BANK OF CALIFORNIA
145 S FAIRFAX AVE
LOS ANGELES, CA 90036

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/21/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Melt Cafe & Gelato Bar franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs.

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

If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money

We can help you find the best banks for small businesses in Northridge or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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