Phelan, CA Entrepreneur Gets SBA Loan to Buy Ultimate Gear Franchise

Borrowing money to buy an Ultimate Gear franchise? East West Bank, A Division Of has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Phelan, California needed money to invest in an Ultimate Gear franchise back in 2006. East West Bank, A Division Of issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

UTLIMATE GEAR
PHELAN, CA 92371

SBA Loan Lender

EAST WEST BANK, A DIVISION OF
12530 HESPERIA RD, STE 101
VICTORVILLE, CA 92392

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448140 - Family Clothing Stores

Loan Approval Date

12/11/2006

Loan Approval Gross Amount

$86,500

Loan Approval from the SBA

Of the total $86,500 loan amount, the SBA guaranteed $73,525.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Ultimate Gear franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Phelan CA, you ought to talk with a local Phelan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Phelan businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Financing Your Business

Small Business Banks in Victorville, California

California SBA 7A Lenders