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April 27, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Copy Club #26 Loan | ||||
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California Small Business Funding for Franchises
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San Diego, CA Entrepreneur Gets SBA Loan to Buy Copy Club FranchiseBorrowing money to invest in a Copy Club franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Copy Club franchise may simply require a phone call to a local SBA banker. In 2000, California Bank & Trust issued an SBA franchise loan to an entrepreneur in San Diego, California. Because Copy Club was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower COPY CLUB #26 SBA Loan Lender CALIFORNIA BANK & TRUST At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to give expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7334 - Photocopying and Duplicating Services NAICS Code 561439 - Business Service Centers Loan Approval Date 10/17/2000 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Copy Club franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding - How to Decide How Much to Raise Small Bank Loans in Sacramento, California
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