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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Ana, Business Loans > American Security Bank Santa Ana Business Loans > Anar Food Services Inc Loan | ||||
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Raising Money in Hesperia, California With SBA Loans
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Loan to Buy Bob's Big Boy Franchise Issued By American Security BankNeed money to invest in a Bob's Big Boy franchise? American Security Bank has a history of making these loans and they are guaranteed by the SBA. Bob's Big Boy franchise loans are available to Hesperia, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, American Security Bank, based in Santa Ana, California, issued an SBA franchise loan for a Bob's Big Boy franchise in 2007. We've got all the details on this California small business loan. SBA Loan Borrower ANAR FOOD SERVICES INC SBA Loan Lender AMERICAN SECURITY BANK 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 722110 - Full-Service Restaurants Loan Approval Date 3/21/2007 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Bob's Big Boy franchise. At the time of the loan, the company had 75 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 80 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $300,000. How would you spend $300,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Lenders in Santa Ana, California
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