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April 17, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Irvine, Business Loans > Spectrum Bank Irvine Business Loans > Robek's Loan | ||||
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Raising Money in Alhambra, California With SBA Loans
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California Entrepreneur Secures Financing to Buy Robeks Juice FranchiseBorrowing money to purchase a Robeks Juice franchise? Spectrum Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Alhambra, California needed money to invest in a Robeks Juice franchise back in 2006. Spectrum Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower ROBEK'S SBA Loan Lender SPECTRUM BANK 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 722211 - Limited-Service Restaurants Loan Approval Date 7/27/2006 Loan Approval Gross Amount $361,150 Loan Approval from the SBA Of the total $361,150 loan amount, the SBA guaranteed $270,862. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Robeks Juice franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 10 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Spectrum Bank and they will explain how you can get an SBA loan for your company. 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 Irvine, California Banks for Small Business
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