California Entrepreneur Secures Financing to Buy Play It Again Sports retail Sports Franchise

Need money to buy a Play It Again Sports retail Sports franchise? Redding Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Redding, California needed money to invest in a Play It Again Sports retail Sports franchise back in 2005. Redding Bank Of Commerce issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

PLAY IT AGAIN SPORTS
REDDING, CA 96002

SBA Loan Lender

REDDING BANK OF COMMERCE
1951 CHURN CREEK RD
REDDING, CA 96002

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

3/8/2005

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Play It Again Sports retail Sports franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the borrowed money would help generate 4 new jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Redding Bank Of Commerce had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Redding Bank Of Commerce made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Play It Again Sports

Business Cash Advances

SBA 7A Banks for Redding, California Loans

Getting a Business Loan in California