California Entrepreneur Secures Financing to Buy Fast Undercar Palm Desert Franchise

Borrowing money to invest in a Fast Undercar Palm Desert franchise? Mission Community Bank has a history of making these loans and they are guaranteed by the SBA.

Fast Undercar Palm Desert franchise loans are available to San Luis Obispo, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Mission Community Bank, based in San Luis Obispo, California, issued an SBA franchise loan for a Fast Undercar Palm Desert franchise in 2001. We've got all the details on this California small business loan.

SBA Loan Borrower

FAST UNDERCAR PALM DESERT
SAN LUIS OBISPO, CA 93401

SBA Loan Lender

MISSION COMMUNITY BANK
581 HIGUERA ST
SAN LUIS OBISPO, CA 93401

This lender provides SBA loan for small businesses 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

421110 - Automobile and Motor Vehicle Wholesalers

Loan Approval Date

8/30/2001

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fast Undercar Palm Desert franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 8 new jobs and retain 18 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in San Luis Obispo 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:

Obtaining Funding - How to Borrow Money

SBA Approved Banks in San Luis Obispo, California

California SBA Bank Lenders