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April 18, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Wendy Communications Loan | ||||
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Irvine, California Bank Loan
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California Entrepreneur Secures Financing to Buy Fastsigns FranchiseNeed a loan to invest in a Fastsigns franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Fastsigns franchise? If so, here's a 2007 SBA franchise loan that you should know about. Small Business Loan Source LLC was the lender and the entrepreneur was based in Irvine, California. SBA Loan Borrower WENDY COMMUNICATIONS SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339950 - Sign Manufacturing Loan Approval Date 2/8/2007 Loan Approval Gross Amount $287,000 Loan Approval from the SBA Of the total $287,000 loan amount, the SBA guaranteed $215,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Fastsigns franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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:
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