Valencia, CA Entrepreneur Gets SBA Loan to Buy Gymboree Franchise

Borrowing money to buy a Gymboree franchise? Lockheed Fcu has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Gymboree franchise may simply require a phone call to a local SBA banker. In 2007, Lockheed Fcu issued an SBA franchise loan to an entrepreneur in Valencia, California. Because Gymboree was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

GYMBOREE OF SIMI VALLEY DBA GY
VALENCIA, CA 91355

SBA Loan Lender

LOCKHEED FCU
2340 HOLLYWOOD WAY
BURBANK, CA 91505

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

7/3/2007

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Gymboree franchise. At the time of the loan, the company had 21 employees. This SBA loan request indicated that the loan would help generate 14 new jobs and retain 7 existing jobs.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Lockheed Fcu are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

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SBA 7A Banks for Burbank, California Loans

Getting an SBA Loan in California