South San Francisco, CA Entrepreneur Gets SBA Loan to Buy Home Instead Senior Care Franchise

Borrowing money to invest in a Home Instead Senior Care franchise? First National Bank - Northern Calif has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in South San Francisco, California needed money to invest in a Home Instead Senior Care franchise back in 2006. First National Bank - Northern Calif issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

MARTHA G CRUZ EPC
SOUTH SAN FRANCISCO, CA 94080

SBA Loan Lender

FIRST NATIONAL BANK - NORTHERN CALIF
65 POST ST
SAN FRANCISCO, CA 94104

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624120 - Services for the Elderly and Persons with Disabilities

Loan Approval Date

10/19/2006

Loan Approval Gross Amount

$677,000

Loan Approval from the SBA

Of the total $677,000 loan amount, the SBA guaranteed $507,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Home Instead Senior Care franchise. At the time of the loan, the company had 110 employees. The loan application indicated that the loan would help generate 40 new jobs and retain 110 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Home Instead Senior Care

Raising VC Money for Social Networking Companies

Best Banks in San Francisco, California

Find an SBA Lender in California