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April 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Commonwealth Business Bank Los Angeles Business Loans > Wetzel's Pretzels Loan | ||||
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Raising Money in Lakewood, California With SBA Loans
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Lakewood, CA Entrepreneur Gets SBA Loan to Buy Wetzel's Pretzel FranchiseNeed money to buy a Wetzel's Pretzel franchise? Commonwealth Business Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Lakewood, California and are interested in buying a Wetzel's Pretzel franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Commonwealth Business Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower WETZEL'S PRETZELS SBA Loan Lender COMMONWEALTH BUSINESS BANK This lender provides SBA 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 722211 - Limited-Service Restaurants Loan Approval Date 12/15/2006 Loan Approval Gross Amount $423,000 Loan Approval from the SBA Of the total $423,000 loan amount, the SBA guaranteed $317,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Wetzel's Pretzel franchise. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help retain 11 existing jobs. Getting an SBA Loan For Your Business If you are wondering how to raise money for a company in Lakewood CA, you ought to talk with a local Lakewood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lakewood businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Commonwealth Business Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Commonwealth Business Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banks in Los Angeles, California
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