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April 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Mojave, Business Loans > Mojave Desert Bank Mojave Business Loans > Blimpie Of Ridgecrest Loan | ||||
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Good Banks for Ridgecrest Entrepreneurs
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Ridgecrest, CA Entrepreneur Gets SBA Loan to Buy Blimpie FranchiseBorrowing money to buy a Blimpie franchise? Mojave Desert Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Blimpie franchise? If so, here's a 2001 SBA franchise loan that you should know about. Mojave Desert Bank was the lender and the entrepreneur was based in Ridgecrest, California. SBA Loan Borrower BLIMPIE OF RIDGECREST SBA Loan Lender MOJAVE DESERT BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/6/2001 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 16 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $90,000 loan. Remember, things become real when you believe you can achieve them! 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:
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