Loan Census Banking News and Information
April 30, 2024  
 
 
  Business Loan Information  
 

Where to Get a Bank Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Small Business Loan Source LLC Provides SBA Loan to Buy Pop A Lock Franchise

Borrowing money to invest in a Pop A Lock franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA.

Pop A Lock franchise loans are available to Santa Clara, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Small Business Loan Source LLC, based in Houston, Texas, issued an SBA franchise loan for a Pop A Lock franchise in 2006. We've got all the details on this California small business loan.

SBA Loan Borrower

POP-A-LOCK OF SANTA CLARA COUN
SANTA CLARA, CA 95051

SBA Loan Lender

SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561622 - Locksmiths

Loan Approval Date

7/3/2006

Loan Approval Gross Amount

$207,000

Loan Approval from the SBA

Of the total $207,000 loan amount, the SBA guaranteed $155,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pop A Lock franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job.

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

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.

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:

Pop-a-Lock Franchise System

Small Business Credit Cards

Best Banks for Small Business in Houston, Texas

Where to Get an SBA Loan Texas