Torrance, CA Entrepreneur Gets SBA Loan to Buy Sunbelt Business Brokers Network Franchise
Borrowing money to purchase a Sunbelt Business Brokers Network franchise? Mirae Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Torrance, California needed money to invest in a Sunbelt Business Brokers Network franchise back in 2005. Mirae Bank issued an SBA franchise loan. Here are the details on this California small business loan.
SBA Loan Borrower
SUNBELT BUSINESS BROKERS OF SO
TORRANCE, CA 90504
SBA Loan Lender
MIRAE BANK
3255 WILSHIRE BLVD, STE 1100
LOS ANGELES, CA 90010
This lender provides SBA 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
531210 - Real Estate Agents and Brokers
Loan Approval Date
6/6/2005
Loan Approval Gross Amount
$2,000,000
Loan Approval from the SBA
Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Sunbelt Business Brokers Network franchise. At the time of the loan, the company
had 20 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 20 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $2,000,000 loan. Remember, you control your own destiny.
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:
Sunbelt Business Brokers Inc.
Obtaining Funding - How to Borrow Money
Where to Get an SBA Loan in Los Angeles, California
Getting a Business Loan in California