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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > California Closets Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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California Entrepreneur Secures Financing to Buy California Closet closet Organizer FranchiseNeed money to buy a California Closet closet Organizer franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a California Closet closet Organizer franchise is doable. In 2000, Bank Of The West issued an SBA franchise loan to an entrepreneur in Modesto, California. Because California Closet closet Organizer was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower CALIFORNIA CLOSETS SBA Loan Lender BANK OF THE WEST 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. SIC Code 2511 - Wood Household Furniture Loan Approval Date 3/10/2000 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a California Closet closet Organizer franchise. At the time of the loan, the company had 6 employees. This SBA loan request 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. 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 Bank Of The West 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: California Closet Company, Inc. Family and Friend Investors - Your First Financiers Best Banks in Truckee, California
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