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April 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Heritage Bank Of Commerce San Jose Business Loans > Star Food Service Inc Loan | ||||
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Heritage Bank Of Commerce Franchise Business Loans
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Morgan Hill (morganhill), CA Entrepreneur Gets SBA Loan to Buy Carl's Jr. FranchiseBorrowing money to invest in a Carl's Jr. franchise? Heritage Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Carl's Jr. franchise may simply require a phone call to a local SBA banker. In 2001, Heritage Bank Of Commerce issued an SBA franchise loan to an entrepreneur in Morgan Hill (morganhill), California. Because Carl's Jr. was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower STAR FOOD SERVICE INC SBA Loan Lender HERITAGE BANK OF COMMERCE 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 722110 - Full-Service Restaurants Loan Approval Date 6/26/2001 Loan Approval Gross Amount $397,000 Loan Approval from the SBA Of the total $397,000 loan amount, the SBA guaranteed $249,998. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Carl's Jr. franchise. At the time of the loan, the company had 60 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 60 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $397,000. How would you spend $397,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Dealing With Venture Capitalists SBA 7A Banks in San Jose, California
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