Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

Spectrum Bank Small Business Franchise Loan

 

 
Loan Census SBA Loan Info

California Entrepreneur Secures Financing to Buy Outdoor Lighting Perspectives Franchise

Need a loan to buy an Outdoor Lighting Perspectives franchise? Spectrum Bank has a history of making these loans and they are guaranteed by the SBA.

Outdoor Lighting Perspectives franchise loans are available to San Diego, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Spectrum Bank, based in Irvine, California, issued an SBA franchise loan for an Outdoor Lighting Perspectives franchise in 2006. We've got all the details on this California small business loan.

SBA Loan Borrower

OUTDOOR LIGHTING PERSPECTIVES
SAN DIEGO, CA 92101

SBA Loan Lender

SPECTRUM BANK
15615 ALTON PKWY
IRVINE, CA 92618

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

541320 - Landscape Architectural Services

Loan Approval Date

6/14/2006

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Outdoor Lighting Perspectives franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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