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May 2, 2024  
 
 
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Raising Money in Gilroy, California With SBA Loans

 

 
Loan Census SBA Loan Info

Gilroy, CA Entrepreneur Gets SBA Loan to Buy Union 76 Oil Franchise

Borrowing money to invest in an Union 76 Oil franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Union 76 Oil franchise loans are available to Gilroy, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Sba Lending, Inc., based in Roseville, California, issued an SBA franchise loan for an Union 76 Oil franchise in 2004. We've got all the details on this California small business loan.

SBA Loan Borrower

BOZZO'S UNION 76
GILROY, CA 95020

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

This loan for a small business was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447190 - Gasoline Stations

Loan Approval Date

3/11/2004

Loan Approval Gross Amount

$676,000

Loan Approval from the SBA

Of the total $676,000 loan amount, the SBA guaranteed $507,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Union 76 Oil franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $676,000 loan. Remember, things become real when you believe you can achieve them!

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.

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