California Entrepreneur Secures Financing to Buy Farmer Boys-Brea Franchise

Need money to purchase a Farmer Boys-Brea franchise? Pacific Western Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Rubidoux (west Riverside), California needed money to invest in a Farmer Boys-Brea franchise back in 2003. Pacific Western Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

FARMER BOYS RUBIDOUX
RUBIDOUX (WEST RIVERSIDE), CA 92509

SBA Loan Lender

PACIFIC WESTERN BANK
900 CANTERBURY PL
ESCONDIDO, CA 92025

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

7/21/2003

Loan Approval Gross Amount

$830,000

Loan Approval from the SBA

Of the total $830,000 loan amount, the SBA guaranteed $622,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Farmer Boys-Brea franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 28 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $830,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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