Oneunited Bank Provides SBA Loan to Buy Surf City Squeeze Franchise

Need a loan to buy a Surf City Squeeze franchise? Oneunited Bank has a history of making these loans and they are guaranteed by the SBA.

Surf City Squeeze franchise loans are available to Ventura, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Oneunited Bank, based in Boston, Massachusetts, issued an SBA franchise loan for a Surf City Squeeze franchise in 2000. We've got all the details on this California small business loan.

SBA Loan Borrower

FRULLATI CAFE & BAKERY
VENTURA, CA 93003

SBA Loan Lender

ONEUNITED BANK
133 FEDERAL ST
BOSTON, MA 02110

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

8/7/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $46,317.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Surf City Squeeze franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 Oneunited 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:

Surf City Squeeze

Small Business Loan

SBA 7A Banks for Boston, Massachusetts Loans

Massachusetts SBA 7A Lenders