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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Riverside, Business Loans > Security Bank Of California Riverside Business Loans > Sabco Petroleum, Inc. Loan | ||||
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San Bernardino, California Bank Loan
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Security Bank Of California Provides SBA Loan to Buy Valero FranchiseNeed money to purchase a Valero franchise? Security Bank Of California has a history of making these loans and they are guaranteed by the SBA. Valero franchise loans are available to San Bernardino, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Security Bank Of California, based in Riverside, California, issued an SBA franchise loan for a Valero franchise in 2006. We've got all the details on this California small business loan. SBA Loan Borrower SABCO PETROLEUM, INC. SBA Loan Lender SECURITY BANK OF CALIFORNIA This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424720 - Petroleum and Petroleum Products Merchant Wholesalers Loan Approval Date 6/9/2006 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Valero franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in San Bernardino or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Borrowing Money from Friends and Family Best Riverside, California Banks for Small Business
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