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April 16, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Escondido, Business Loans > Pacific Western Bank Escondido Business Loans > Sun City Express, Inc Loan | ||||
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Las Vegas, Nevada Bank Loan
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Pacific Western Bank Provides SBA Loan to Buy Exxon FranchiseNeed money to buy an Exxon franchise? Pacific Western Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Las Vegas, Nevada and are interested in buying an Exxon franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Pacific Western Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower SUN CITY EXPRESS, INC SBA Loan Lender PACIFIC WESTERN BANK This debt financing was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 5/17/2005 Loan Approval Gross Amount $1,935,200 Loan Approval from the SBA Of the total $1,935,200 loan amount, the SBA guaranteed $1,451,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Exxon franchise. At the time of the loan, the company had 9 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. 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: Microlending as a Small Business Funding Source Good Banks for Small Business in Escondido, California
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