Bridge Bank Provides SBA Loan to Buy Geeks On Call Franchise

Borrowing money to buy a Geeks On Call franchise? Bridge Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Geeks On Call franchise? If so, here's a 2005 SBA franchise loan that you should know about. Bridge Bank was the lender and the entrepreneur was based in San Jose, California.

SBA Loan Borrower

GEEKS ON CALL
SAN JOSE, CA 95117

SBA Loan Lender

BRIDGE BANK
55 ALMADEN BLVD
SAN JOSE, CA 95113

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811212 - Computer and Office Machine Repair and Maintenance

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$233,200

Loan Approval from the SBA

Of the total $233,200 loan amount, the SBA guaranteed $174,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Geeks On Call franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 14 new jobs and retain 15 existing jobs.

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've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Geeks On Call

Understanding Dilution

Banks in San Jose, California

Getting an SBA Loan in California