Loan to Buy Bevinco Franchise Issued By Vineyard Bank

Borrowing money to purchase a Bevinco franchise? Vineyard Bank has a history of making these loans and they are guaranteed by the SBA.

Bevinco franchise loans are available to San Diego, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Vineyard Bank, based in Corona, California, issued an SBA franchise loan for a Bevinco franchise in 2003. We've got all the details on this California small business loan.

SBA Loan Borrower

W.J.R. BEVINCO, INC.
SAN DIEGO, CA 92101

SBA Loan Lender

VINEYARD BANK
1260 CORONA POINTE CT
CORONA, CA 92879

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541611 - Administrative Management and General Management Consulting Services

Loan Approval Date

7/17/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bevinco franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Vineyard Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Bevinco

Family and Friend Investors - Your First Financiers

SBA Approved Banks in Corona, California

Getting a Business Loan in California