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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Ontario, Business Loans > Citizens Business Bank Ontario Business Loans > Five K, Inc Dba Del Taco #1059 Loan | ||||
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SBA 7A Banks in California
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Citizens Business Bank Provides SBA Loan to Buy Del Taco FranchiseNeed a loan to purchase a Del Taco franchise? Citizens Business Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Simi Valley, California needed money to invest in a Del Taco franchise back in 2007. Citizens Business Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower FIVE K, INC DBA DEL TACO #1059 SBA Loan Lender CITIZENS BUSINESS BANK This lender provides SBA small business 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 722211 - Limited-Service Restaurants Loan Approval Date 12/6/2007 Loan Approval Gross Amount $1,265,000 Loan Approval from the SBA Of the total $1,265,000 loan amount, the SBA guaranteed $948,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Del Taco franchise. At the time of the loan, the company had 33 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 33 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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: How Much Venture Capital Is There? SBA Participating Banks in Ontario, California Getting an SBA Loan in California
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