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July 22, 2024  
 
 
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Loan Census SBA Loan Info

California Entrepreneur Secures Financing to Buy La Boxing Franchise

Borrowing money to buy a La Boxing franchise? Promerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a La Boxing franchise shouldn't be overly burdensome. In 2007, Promerica Bank issued an SBA franchise loan to an entrepreneur in Santa Ana, California. Because La Boxing was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

LA BOXING FRANCHISE CORPORATIO
SANTA ANA, CA 92705

SBA Loan Lender

PROMERICA BANK
888 S FIGUEROA ST, STE 100
LOS ANGELES, CA 90017

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

8/29/2007

Loan Approval Gross Amount

$900,000

Loan Approval from the SBA

Of the total $900,000 loan amount, the SBA guaranteed $675,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a La Boxing franchise. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Promerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

LA Boxing Franchise Corporation

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