Sacramento, CA Entrepreneur Gets SBA Loan to Buy Athlete's Foot Franchise

Borrowing money to purchase an Athlete's Foot franchise? Calwest Bancorp has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Sacramento, California needed money to invest in an Athlete's Foot franchise back in 2005. Calwest Bancorp issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

THE ATHLETES FOOT
SACRAMENTO, CA 95825

SBA Loan Lender

CALWEST BANCORP
22342 AVENIDA EMPRESA
RANCHO SANTA MARGARIT, CA 92688

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448210 - Shoe Stores

Loan Approval Date

3/31/2005

Loan Approval Gross Amount

$265,300

Loan Approval from the SBA

Of the total $265,300 loan amount, the SBA guaranteed $198,975.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Athlete's Foot franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Calwest Bancorp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Calwest Bancorp 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.

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