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April 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Redding, Business Loans > North Valley Bank Redding Business Loans > Restoration Group, Inc. Loan | ||||
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North Valley Bank SBA 7A Franchise Loans
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California Entrepreneur Secures Financing to Buy Purofirst FranchiseNeed money to buy a Purofirst franchise? North Valley Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Purofirst franchise requires some effort but others before you have been successful. In 2002, North Valley Bank issued an SBA franchise loan to an entrepreneur in Redding, California. Because Purofirst was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower RESTORATION GROUP, INC. SBA Loan Lender NORTH VALLEY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561790 - Services to Buildings and Dwellings Loan Approval Date 9/18/2002 Loan Approval Gross Amount $650,000 Loan Approval from the SBA Of the total $650,000 loan amount, the SBA guaranteed $487,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Purofirst franchise. At the time of the loan, the company had 45 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Role of Business Plan When Raising Money
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