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April 26, 2024  
 
 
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Loan Census SBA Loan Info

California Entrepreneur Secures Financing to Buy Rainbow International Corporation Franchise

Need a loan to buy a Rainbow International Corporation franchise? Union Bank Of California has a history of making these loans and they are guaranteed by the SBA.

Rainbow International Corporation franchise loans are available to Riverside, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Union Bank Of California, based in San Francisco, California, issued an SBA franchise loan for a Rainbow International Corporation franchise in 2006. We've got all the details on this California small business loan.

SBA Loan Borrower

RAINBOW RESTORATION
RIVERSIDE, CA 92507

SBA Loan Lender

UNION BANK OF CALIFORNIA
400 CALIFORNIA ST, 1ST FL
SAN FRANCISCO, CA 94104

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

562998 - Waste Management Services

Loan Approval Date

5/4/2006

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rainbow International Corporation franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Union Bank Of California so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Rainbow International Restoration & Cleaning

Equity Financing

SBA Banks in San Francisco, California

California SBA Bank Lenders