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May 16, 2012 |
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| Entrepreneur Resources | First National Bank - Southern Calif Vista Business Loans | ||||
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Corona, California Bank Loan
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California Entrepreneur Secures Financing to Buy Directbuy FranchiseNeed money to purchase a Directbuy franchise? First National Bank - Southern Calif has a history of making these loans and they are guaranteed by the SBA.
If you live near Corona, California and are interested in buying a Directbuy franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by First National Bank - Southern Calif. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower DIRECT BUY OF W. RIVERSIDE CTY SBA Loan Lender FIRST NATIONAL BANK - SOUTHERN CALIF This small business loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423220 - Home Furnishing Merchant Wholesalers Loan Approval Date 3/6/2006 Loan Approval Gross Amount $450,000 Loan Approval from the SBA Of the total $450,000 loan amount, the SBA guaranteed $337,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Directbuy franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Bank - Southern Calif and they will explain how you can get an SBA loan for your company. 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. Gaebler.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. As a courtesy, we honor requests to remove your public-record business information from our loan detail pages. Contact us and we will process your request. For additional information, see our Loan Information FAQ. Related Links: Obtaining Funding - How to Borrow Money SBA Approved Banks in Vista, California Getting a Business Loan in California
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