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April 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Rancho Santa Margarit, Business Loans > South Cnty Bank Rancho Santa Margarit Business Loans > A 1 Quality Restoration, Inc Loan | ||||
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I Need an SBA 7A Loan to Buy a Franchise in Marina Del Rey,, California
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South Cnty Bank Provides SBA Loan to Buy Servpro FranchiseNeed money to invest in a Servpro franchise? South Cnty Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Servpro franchise shouldn't be overly burdensome. In 2006, South Cnty Bank issued an SBA franchise loan to an entrepreneur in Marina Del Rey,, California. Because Servpro was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower A 1 QUALITY RESTORATION, INC SBA Loan Lender SOUTH CNTY BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238990 - Specialty Trade Contractors Loan Approval Date 8/25/2006 Loan Approval Gross Amount $355,000 Loan Approval from the SBA Of the total $355,000 loan amount, the SBA guaranteed $266,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like South Cnty Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Accountant's Role in Securing Financing SBA Approved Banks in Rancho Santa Margarit, California
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