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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 > Far East National Bank Los Angeles Business Loans > G & S Enterprises Loan | ||||
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California Small Business Funding for Franchises
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Far East National Bank Provides SBA Loan to Buy Valero FranchiseNeed money to buy a Valero franchise? Far East National Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Los Angeles, California and are interested in buying a Valero franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Far East National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower G & S ENTERPRISES SBA Loan Lender FAR EAST NATIONAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447190 - Gasoline Stations Loan Approval Date 3/2/2007 Loan Approval Gross Amount $568,000 Loan Approval from the SBA Of the total $568,000 loan amount, the SBA guaranteed $426,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Valero franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Los Angeles 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: Family and Friend Investors - Your First Financiers Good Banks for Small Business in Los Angeles, California
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