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November 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Security Pacific Bank Los Angeles Business Loans > Mr Pickles Loan | ||||
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How to Get SBA Loans in Roseville, California
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California Entrepreneur Secures Financing to Buy Mr. Pickles Sandwich Shop FranchiseNeed a loan to purchase a Mr. Pickles Sandwich Shop franchise? Security Pacific Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Mr. Pickles Sandwich Shop franchise shouldn't be overly burdensome. In 2007, Security Pacific Bank issued an SBA franchise loan to an entrepreneur in Roseville, California. Because Mr. Pickles Sandwich Shop was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower MR PICKLES SBA Loan Lender SECURITY PACIFIC BANK 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 722211 - Limited-Service Restaurants Loan Approval Date 12/7/2007 Loan Approval Gross Amount $207,000 Loan Approval from the SBA Of the total $207,000 loan amount, the SBA guaranteed $155,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mr. Pickles Sandwich Shop franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $207,000. How would you spend $207,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks for Small Business in Los Angeles, California
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