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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Bridge Bank San Jose Business Loans > Anza Mobile Loan | ||||
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Good Sources for Solana Beach SBA Loans
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Solana Beach, CA Entrepreneur Gets SBA Loan to Buy Exxon FranchiseNeed a loan to buy an Exxon franchise? Bridge Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Exxon franchise may simply require a phone call to a local SBA banker. In 2005, Bridge Bank issued an SBA franchise loan to an entrepreneur in Solana Beach, California. Because Exxon was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower ANZA MOBILE SBA Loan Lender BRIDGE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 6/23/2005 Loan Approval Gross Amount $875,000 Loan Approval from the SBA Of the total $875,000 loan amount, the SBA guaranteed $656,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Exxon franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $875,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Jose, California Browse All Business Loan Sources for California
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