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April 29, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Corona, Business Loans > Vineyard Bank Corona Business Loans > Tacone - The River Loan | ||||
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Raising Money in Rancho Mirage, California With SBA Loans
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Rancho Mirage, CA Entrepreneur Gets SBA Loan to Buy Tacone FranchiseNeed a loan to invest in a Tacone franchise? Vineyard Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Tacone franchise may simply require a phone call to a local SBA banker. In 2005, Vineyard Bank issued an SBA franchise loan to an entrepreneur in Rancho Mirage, California. Because Tacone was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower TACONE - THE RIVER SBA Loan Lender VINEYARD 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 722211 - Limited-Service Restaurants Loan Approval Date 10/13/2005 Loan Approval Gross Amount $352,400 Loan Approval from the SBA Of the total $352,400 loan amount, the SBA guaranteed $264,300. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Tacone franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 11 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Participating Banks in Corona, California
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