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April 18, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Ramona, Business Loans > First Business Bank Ramona Business Loans > Learning Rx Loan | ||||
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I Need a Loan to Buy a Franchise in Mission Viejo, California
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Mission Viejo, CA Entrepreneur Gets SBA Loan to Buy Learning Rx FranchiseNeed money to invest in a Learning Rx franchise? First Business Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Learning Rx franchise? If so, here's a 2007 SBA franchise loan that you should know about. First Business Bank was the lender and the entrepreneur was based in Mission Viejo, California. SBA Loan Borrower LEARNING RX SBA Loan Lender FIRST BUSINESS BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611710 - Educational Support Services Loan Approval Date 1/16/2007 Loan Approval Gross Amount $290,000 Loan Approval from the SBA Of the total $290,000 loan amount, the SBA guaranteed $217,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Learning Rx franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $290,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Banks for Ramona, California Loans Where to Get an SBA Loan California
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