First National Bank - Southern Calif Provides SBA Loan to Buy Chevron gas Station Franchise

Need a loan to buy a Chevron gas Station franchise? First National Bank - Southern Calif has a history of making these loans and they are guaranteed by the SBA.

If you live near Santa Ana, California and are interested in buying a Chevron gas Station franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by First National Bank - Southern Calif. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MACARTHUR MOBIL & EL TORO CHEV
SANTA ANA, CA 92707

SBA Loan Lender

FIRST NATIONAL BANK - SOUTHERN CALIF
2365 MARRON RD
CARLSBAD, CA 92008

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 bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447190 - Gasoline Stations

Loan Approval Date

2/22/2006

Loan Approval Gross Amount

$880,300

Loan Approval from the SBA

Of the total $880,300 loan amount, the SBA guaranteed $660,225.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Chevron gas Station franchise. At the time of the loan, the company had 14 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Determining Proper Capital Structure for a Business

Find an SBA Lender in Carlsbad, California

California SBA Banks