La Jolla Bank, Fsb Provides SBA Loan to Buy Big O Tires dealers Franchise

Borrowing money to invest in a Big O Tires dealers franchise? La Jolla Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in La Mesa, California needed money to invest in a Big O Tires dealers franchise back in 2003. La Jolla Bank, Fsb issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

BIG O TIRE & SERVICE CENTER
LA MESA, CA 91941

SBA Loan Lender

LA JOLLA BANK, FSB
128 N BROADWAY
ESCONDIDO, CA 92025

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.

NAICS Code

441320 - Tire Dealers

Loan Approval Date

9/30/2003

Loan Approval Gross Amount

$165,200

Loan Approval from the SBA

Of the total $165,200 loan amount, the SBA guaranteed $123,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the funding would help generate 1 new job.

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.

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 La Jolla Bank, Fsb 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:

Big O Tires, Inc.

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Banks in Escondido, California

SBA California Lenders