Security Pacific Bank Provides SBA Loan to Buy Mr. Pickles Sandwich Shop Franchise
Need a loan to buy a Mr. Pickles Sandwich Shop franchise? Security Pacific Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Mr. Pickles Sandwich Shop franchise requires some effort but others before you have been successful. In 2007, Security Pacific Bank issued an SBA franchise loan to an entrepreneur in Yuba City, California. Because Mr. Pickles Sandwich Shop was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.
SBA Loan Borrower
MR PICKLES
YUBA CITY, CA 95993
SBA Loan Lender
SECURITY PACIFIC BANK
12121 WILSHIRE BLVD, STE 1350
LOS ANGELES, CA 90025
This lender provides SBA bank 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
722211 - Limited-Service Restaurants
Loan Approval Date
9/28/2007
Loan Approval Gross Amount
$194,000
Loan Approval from the SBA
Of the total $194,000 loan amount, the SBA guaranteed $145,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Mr. Pickles Sandwich Shop franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 8 new jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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.
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