Loan Census Banking News and Information
May 19, 2024  
 
 
  Business Loan Information  
 

Chico, California Bank Loan

 

 
Loan Census SBA Loan Info

Chico, CA Entrepreneur Gets SBA Loan to Buy Cheese Shop Franchise

Need a loan to invest in a Cheese Shop franchise? Butte Community Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Chico, California and are interested in buying a Cheese Shop franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Butte Community Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CHEESE STEAK SHOP
CHICO, CA 95926

SBA Loan Lender

BUTTE COMMUNITY BANK
2041 FOREST AVE
CHICO, CA 95928

This SBA business loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a thorough understanding of SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/5/2005

Loan Approval Gross Amount

$153,200

Loan Approval from the SBA

Of the total $153,200 loan amount, the SBA guaranteed $114,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cheese Shop franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Butte Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Role of Business Plan When Raising Money

SBA Approved Banks in Chico, California

SBA California Banks