Loan Census Banking News and Information
April 29, 2024  
 
 
  Business Loan Information  
 

Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Wilsonville, OR Entrepreneur Gets SBA Loan to Buy Closet & Storage Concepts Franchise

Borrowing money to purchase a Closet & Storage Concepts franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

Closet & Storage Concepts franchise loans are available to Wilsonville, Oregon entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community W. Bank, based in Goleta, California, issued an SBA franchise loan for a Closet & Storage Concepts franchise in 2006. We've got all the details on this Oregon small business loan.

SBA Loan Borrower

CLOSET & STORAGE CONCEPTS
WILSONVILLE, OR 97060

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

This lender provides SBA debt financing 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

541410 - Interior Design Services

Loan Approval Date

4/28/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Closet & Storage Concepts franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the funding would help generate 4 new jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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:

Closet & Storage Concepts

Role of Business Plan When Raising Money

SBA 7A Banks for Goleta, California Loans

Browse All Business Loan Sources for California