Vacaville, CA Entrepreneur Gets SBA Loan to Buy Isold It On Ebay Franchise

Borrowing money to invest in an Isold It On Ebay franchise? Community So. Bank D.B.A Commun has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Isold It On Ebay franchise? If so, here's a 2006 SBA franchise loan that you should know about. Community So. Bank D.B.A Commun was the lender and the entrepreneur was based in Vacaville, California.

SBA Loan Borrower

ISOLD IT
VACAVILLE, CA 95687

SBA Loan Lender

COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363

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

454112 - Electronic Auctions

Loan Approval Date

6/8/2006

Loan Approval Gross Amount

$138,000

Loan Approval from the SBA

Of the total $138,000 loan amount, the SBA guaranteed $117,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Isold It On Ebay franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the funding would help generate 3 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 $138,000 loan. Remember, feel the fear, and do it anyway.

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:

iSold It eBay Store

Advice on Getting a Small Business Loan

SBA Banks in Parsons, Tennessee

Where to Get an SBA Loan Tennessee