Rancho Mirage, CA Entrepreneur Gets SBA Loan to Buy Tacone Franchise

Need a loan to invest in a Tacone franchise? Vineyard Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Tacone franchise may simply require a phone call to a local SBA banker. In 2005, Vineyard Bank issued an SBA franchise loan to an entrepreneur in Rancho Mirage, California. Because Tacone was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

TACONE - THE RIVER
RANCHO MIRAGE, CA 92270

SBA Loan Lender

VINEYARD BANK
1260 CORONA POINTE CT
CORONA, CA 92879

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/13/2005

Loan Approval Gross Amount

$352,400

Loan Approval from the SBA

Of the total $352,400 loan amount, the SBA guaranteed $264,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tacone franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 11 existing jobs.

Next Steps for Getting an SBA Loan

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

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:

Tacone

Getting a Small Business Loan

SBA Participating Banks in Corona, California

California SBA 7A Lenders