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April 24, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Lemstone At Arrowhead Loan | ||||
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Arizona Small Business Funding for Franchises
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Glendale, AZ Entrepreneur Gets SBA Loan to Buy Lemstone Books FranchiseNeed money to purchase a Lemstone Books franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA. If you live near Glendale, Arizona and are interested in buying a Lemstone Books franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by California Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower LEMSTONE AT ARROWHEAD SBA Loan Lender CALIFORNIA BANK & TRUST This lender provides SBA guaranteed bank loans 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 451211 - Book Stores Loan Approval Date 8/26/2002 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Lemstone Books franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: SBA 7A Banks in Sacramento, California
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