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April 28, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Sonic Drive-In Loan | ||||
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How to Get SBA Loans in Kenneth City,, Florida
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Kenneth City,, FL Entrepreneur Gets SBA Loan to Buy Sonic Drive-In FranchiseBorrowing money to invest in a Sonic Drive-In franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Sonic Drive-In franchise? If so, here's a 2002 SBA franchise loan that you should know about. Temecula Valley Bank was the lender and the entrepreneur was based in Kenneth City,, Florida. SBA Loan Borrower SONIC DRIVE-IN SBA Loan Lender TEMECULA VALLEY 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 722211 - Limited-Service Restaurants Loan Approval Date 7/12/2002 Loan Approval Gross Amount $785,500 Loan Approval from the SBA Of the total $785,500 loan amount, the SBA guaranteed $589,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sonic Drive-In franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 48 new jobs and retain 50 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours 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: Find an SBA Lender in Temecula, California Getting an SBA Loan in California
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