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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Victorville, Business Loans > East West Bank, A Division Of Victorville Business Loans > A And W Restaurant Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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East West Bank, A Division Of Provides SBA Loan to Buy A & W Restaurant FranchiseNeed a loan to invest in an A & W Restaurant franchise? East West Bank, A Division Of has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Victorville, California needed money to invest in an A & W Restaurant franchise back in 2000. East West Bank, A Division Of issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower A AND W RESTAURANT SBA Loan Lender EAST WEST BANK, A DIVISION OF 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. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/27/2000 Loan Approval Gross Amount $860,000 Loan Approval from the SBA Of the total $860,000 loan amount, the SBA guaranteed $645,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an A & W Restaurant franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the borrowed money would help create 18 new jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $860,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Lenders in Victorville, California
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