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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Security Pacific Bank Los Angeles Business Loans > Mr. Pickles Loan | ||||
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Raising Money in Chico, California With SBA Loans
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Chico, CA Entrepreneur Gets SBA Loan to Buy Mr. Pickles Sandwich Shop FranchiseNeed money to invest in a Mr. Pickles Sandwich Shop franchise? Security Pacific Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Mr. Pickles Sandwich Shop franchise? If so, here's a 2007 SBA franchise loan that you should know about. Security Pacific Bank was the lender and the entrepreneur was based in Chico, California. SBA Loan Borrower MR. PICKLES SBA Loan Lender SECURITY PACIFIC BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/3/2007 Loan Approval Gross Amount $202,000 Loan Approval from the SBA Of the total $202,000 loan amount, the SBA guaranteed $151,500. 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 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Chico or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Participating Banks in Los Angeles, California Getting an SBA Loan in California
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