California Entrepreneur Secures Financing to Buy True Value Hardware Franchise

Need a loan to invest in a True Value Hardware franchise? Ncb Financial Corporation has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Phelan, California needed money to invest in a True Value Hardware franchise back in 2006. Ncb Financial Corporation issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

ANDERSONS TRUE VALUE
PHELAN, CA 92371

SBA Loan Lender

NCB FINANCIAL CORPORATION
601 PENNSYLVANIA AVE NW
WASHINGTON, DC 20004

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

3/27/2006

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a True Value Hardware franchise. At the time of the loan, the company had 58 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ncb Financial Corporation had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ncb Financial Corporation made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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