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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > Union Bank Of California San Francisco Business Loans > Saks Realty Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Loan to Buy Century 21 Franchise Issued By Union Bank Of CaliforniaBorrowing money to invest in a Century 21 franchise? Union Bank Of California has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Century 21 franchise requires some effort but others before you have been successful. In 2005, Union Bank Of California issued an SBA franchise loan to an entrepreneur in Santa Clara, California. Because Century 21 was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower SAKS REALTY SBA Loan Lender UNION BANK OF CALIFORNIA The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 531210 - Real Estate Agents and Brokers Loan Approval Date 12/16/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Century 21 franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Century 21 Real Estate Corporation Realistic Debt Financing Options Best Banks for Small Business in San Francisco, California
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