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April 26, 2024  
 
 
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I Need an SBA 7A Loan to Buy a Franchise in Redondo Beach, California

 

 
Loan Census SBA Loan Info

California Entrepreneur Secures Financing to Buy Adventures In Advertising Franchise

Borrowing money to buy an Adventures In Advertising franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Redondo Beach, California needed money to invest in an Adventures In Advertising franchise back in 2002. California Bank & Trust issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

AIA PROMOIDEAS AND MARKETING
REDONDO BEACH, CA 90278

SBA Loan Lender

CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

454110 - Electronic Shopping and Mail-Order Houses

Loan Approval Date

5/7/2002

Loan Approval Gross Amount

$28,000

Loan Approval from the SBA

Of the total $28,000 loan amount, the SBA guaranteed $14,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Adventures In Advertising franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Redondo Beach or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Adventures in Advertising

Obtaining Funding - How to Borrow Money

Who Lends Money to Small Businesses in Sacramento, California

Getting a Business Loan in California