Loan to Buy Foster Freeze Franchise Issued By Valley Business Bank

Need money to invest in a Foster Freeze franchise? Valley Business Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lemoore, California needed money to invest in a Foster Freeze franchise back in 2000. Valley Business Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

FOSTERS FREEZE
LEMOORE, CA 93245

SBA Loan Lender

VALLEY BUSINESS BANK
200 S COURT ST
VISALIA, CA 93291

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

5/18/2000

Loan Approval Gross Amount

$430,000

Loan Approval from the SBA

Of the total $430,000 loan amount, the SBA guaranteed $322,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Foster Freeze franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Fosters Freeze

Equity Financing

Best Banks for Small Business in Visalia, California

Where to Get an SBA Loan California