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April 18, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Hanmi Bank Los Angeles Business Loans > Nicanor M. Domantay And Nancy L. Domantay Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Santa Barbara, CA Entrepreneur Gets SBA Loan to Buy Foster Freeze FranchiseNeed a loan to buy a Foster Freeze franchise? Hanmi Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Foster Freeze franchise? If so, here's a 2007 SBA franchise loan that you should know about. Hanmi Bank was the lender and the entrepreneur was based in Santa Barbara, California. SBA Loan Borrower NICANOR M. DOMANTAY AND NANCY L. DOMANTAY SBA Loan Lender HANMI BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 2/26/2007 Loan Approval Gross Amount $241,500 Loan Approval from the SBA Of the total $241,500 loan amount, the SBA guaranteed $181,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Foster Freeze franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help retain 9 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Hanmi Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 for Los Angeles, California Loans
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