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April 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Diego, Business Loans > Metro United Bank San Diego Business Loans > Genesee Valero Inc Loan | ||||
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Requirements for Financing a Franchise
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San Diego, CA Entrepreneur Gets SBA Loan to Buy Valero FranchiseNeed a loan to invest in a Valero franchise? Metro United Bank has a history of making these loans and they are guaranteed by the SBA. If you live near San Diego, California and are interested in buying a Valero franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Metro United Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower GENESEE VALERO INC SBA Loan Lender METRO UNITED BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 11/15/2007 Loan Approval Gross Amount $602,000 Loan Approval from the SBA Of the total $602,000 loan amount, the SBA guaranteed $451,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Valero franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in San Diego 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: SBA 7A Banks in San Diego, California
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