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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Francisco, Business Loans > Union Bank Of California San Francisco Business Loans > Moe's Palm Springs Loan | ||||
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I Need a Business Loan to Buy a Franchise in Bermuda Dunes, California
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Borrow Money to Buy a Moe's Sw Grill FranchiseNeed money to invest in a Moe's Sw Grill franchise? Union Bank Of California has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Moe's Sw Grill franchise is doable. In 2004, Union Bank Of California issued an SBA franchise loan to an entrepreneur in Bermuda Dunes, California. Because Moe's Sw Grill was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower MOE'S PALM SPRINGS SBA Loan Lender UNION BANK OF CALIFORNIA This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a deep knowledge SBA lending rules and regulations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/24/2004 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $195,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Moe's Sw Grill franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Advice on Getting a Small Business Loan Banks in San Francisco, California
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