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April 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Redondo Beach, Business Loans > Bay Cities National Bank Redondo Beach Business Loans > Bob's Big Boy Restaurant No 10 Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Loan to Buy Bob's Big Boy Franchise Issued By Bay Cities National BankNeed a loan to invest in a Bob's Big Boy franchise? Bay Cities National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Torrance, California needed money to invest in a Bob's Big Boy franchise back in 2006. Bay Cities National Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower BOB'S BIG BOY RESTAURANT NO 10 SBA Loan Lender BAY CITIES NATIONAL BANK This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/8/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Bob's Big Boy franchise. At the time of the loan, the company had 16 employees. The loan application indicated that the loan would help retain 16 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Redondo Beach, California Banks for Small Business
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