Bank Of America Provides SBA Loan to Buy California Closet closet Organizer Franchise

Need money to invest in a California Closet closet Organizer franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

If you live near San Diego, California and are interested in buying a California Closet closet Organizer franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Bank Of America. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CALIFORNIA CLOSET COMPANY OF S
SAN DIEGO, CA 72126

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

2/25/2002

Loan Approval Gross Amount

$206,615

Loan Approval from the SBA

Of the total $206,615 loan amount, the SBA guaranteed $154,961.

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 45 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 48 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

Startup Funding Tip

Banks in Charlotte, North Carolina

North Carolina SBA 7A Lenders