First National Bank - Southern Calif Provides SBA Loan to Buy Chevron gas Station Franchise

Borrowing money to buy a Chevron gas Station franchise? First National Bank - Southern Calif has a history of making these loans and they are guaranteed by the SBA.

If you live near Hemet, California and are interested in buying a Chevron gas Station franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by First National Bank - Southern Calif. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

HEMET EAST CENTER
HEMET, CA 92544

SBA Loan Lender

FIRST NATIONAL BANK - SOUTHERN CALIF
302 E BROADWAY
VISTA, CA 92084

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

4/22/2005

Loan Approval Gross Amount

$1,956,000

Loan Approval from the SBA

Of the total $1,956,000 loan amount, the SBA guaranteed $1,467,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Chevron gas Station franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Remember, you 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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Bank - Southern Calif and they will explain how you can get an SBA loan for your company.

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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