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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Solana Beach, Business Loans > 1st Pacific Bank Of California Solana Beach Business Loans > All American Ice Cream & Yogur Loan | ||||
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California Small Business Funding for Franchises
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Borrow Money to Buy an All American Frozen Yogurt FranchiseBorrowing money to purchase an All American Frozen Yogurt franchise? 1st Pacific Bank Of California has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Encinitas, California needed money to invest in an All American Frozen Yogurt franchise back in 2005. 1st Pacific Bank Of California issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower ALL AMERICAN ICE CREAM & YOGUR SBA Loan Lender 1ST PACIFIC BANK OF CALIFORNIA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 4/8/2005 Loan Approval Gross Amount $180,700 Loan Approval from the SBA Of the total $180,700 loan amount, the SBA guaranteed $135,525. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an All American Frozen Yogurt franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 1st Pacific Bank Of California 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: All American Ice Cream & Frozen Yogurt Shops Obtaining Funding - How to Decide How Much to Raise Banks in Solana Beach, California Where to Get an SBA Loan California
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