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May 2, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Virama Hotels Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Los Angeles, CA Entrepreneur Gets SBA Loan to Buy Vagabond Inn FranchiseBorrowing money to buy a Vagabond Inn franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Vagabond Inn franchise requires some effort but others before you have been successful. In 2003, Temecula Valley Bank issued an SBA franchise loan to an entrepreneur in Los Angeles, California. Because Vagabond Inn was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower VIRAMA HOTELS SBA Loan Lender TEMECULA VALLEY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 9/22/2003 Loan Approval Gross Amount $1,727,000 Loan Approval from the SBA Of the total $1,727,000 loan amount, the SBA guaranteed $999,984. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Vagabond Inn franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,727,000 loan. Remember, things become real when you believe you can achieve them! 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: Who Lends Money to Small Businesses in Temecula, California
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