Pleasanton, CA Entrepreneur Gets SBA Loan to Buy Dream Dinners Franchise

Borrowing money to buy a Dream Dinners franchise? The Mechanics Bank has a history of making these loans and they are guaranteed by the SBA.

Dream Dinners franchise loans are available to Pleasanton, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Mechanics Bank, based in Richmond, California, issued an SBA franchise loan for a Dream Dinners franchise in 2008. We've got all the details on this California small business loan.

SBA Loan Borrower

DREAM DINNERS TRI VALLEY
PLEASANTON, CA 94588

SBA Loan Lender

THE MECHANICS BANK
3170 HILLTOP MALL RD
RICHMOND, CA 94806

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

1/8/2008

Loan Approval Gross Amount

$188,000

Loan Approval from the SBA

Of the total $188,000 loan amount, the SBA guaranteed $141,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dream Dinners franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Dream Dinners

Raising VC Money for Social Networking Companies

SBA 7A Lenders in Richmond, California

Getting a Business Loan in California