Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Corona, California Bank Loan

 

 
Loan Census SBA Loan Info

California Entrepreneur Secures Financing to Buy Directbuy Franchise

Need 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
CORONA, CA 92883

SBA Loan Lender

FIRST NATIONAL BANK - SOUTHERN CALIF
302 E BROADWAY
VISTA, CA 92084

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. 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:

DirectBuy

Obtaining Funding - How to Borrow Money

SBA Approved Banks in Vista, California

Getting a Business Loan in California