San Luis Obispo, CA Entrepreneur Gets SBA Loan to Buy Chem-Dry Franchise

Need a loan to invest in a Chem-Dry franchise? Rabobank, National Association has a history of making these loans and they are guaranteed by the SBA.

Chem-Dry franchise loans are available to San Luis Obispo, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Rabobank, National Association, based in Grover Beach, California, issued an SBA franchise loan for a Chem-Dry franchise in 2000. We've got all the details on this California small business loan.

SBA Loan Borrower

CHEM-DRY OF SAN LUIS OBISPO
SAN LUIS OBISPO, CA 93401

SBA Loan Lender

RABOBANK, NATIONAL ASSOCIATION
899 GRAND AVE
GROVER BEACH, CA 93433

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8111 - Legal Services

NAICS Code

541110 - Lawyers

Loan Approval Date

2/17/2000

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $90,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Chem-Dry franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Chem-Dry Carpet & Upholstery Cleaning

Obtaining Funding - How to Borrow Money

Where to Get an SBA Loan in Grover Beach, California

Getting a Business Loan in California