Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

I Need an SBA Loan to Buy a Franchise in Ridgecrest, California

 

 
Loan Census SBA Loan Info

Ridgecrest, CA Entrepreneur Gets SBA Loan to Buy Juice It Up Franchise

Borrowing money to purchase a Juice It Up franchise? Altaone Fcu has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Juice It Up franchise? If so, here's a 2007 SBA franchise loan that you should know about. Altaone Fcu was the lender and the entrepreneur was based in Ridgecrest, California.

SBA Loan Borrower

JUICE IT UP
RIDGECREST, CA 93555

SBA Loan Lender

ALTAONE FCU
701 S CHINA LAKE BLVD
RIDGECREST, CA 93555

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/5/2007

Loan Approval Gross Amount

$220,800

Loan Approval from the SBA

Of the total $220,800 loan amount, the SBA guaranteed $165,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Juice It Up franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the funding would help generate 12 new 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.

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 Altaone Fcu 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:

Juice It Up Franchise Corp.

Family and Friend Investors - Your First Financiers

Small Business Banks in Ridgecrest, California

SBA Lenders in California