Loan to Buy Decorating Den System Franchise Issued By Wilshire State Bank

Need a loan to invest in a Decorating Den System franchise? Wilshire State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Redlands, California needed money to invest in a Decorating Den System franchise back in 2003. Wilshire State Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

DISTINCTIVE WINDOW SHADES AND
REDLANDS, CA 92373

SBA Loan Lender

WILSHIRE STATE BANK
3200 WILSHIRE BLVD
LOS ANGELES, CA 90010

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

442299 - Home Furnishings Stores

Loan Approval Date

9/2/2003

Loan Approval Gross Amount

$172,000

Loan Approval from the SBA

Of the total $172,000 loan amount, the SBA guaranteed $129,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Decorating Den System franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Redlands CA, you ought to talk with a local Redlands SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Redlands businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wilshire State Bank and they will explain how you can get an SBA loan for your company.

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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