Loan Census Banking News and Information
May 19, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks for Torrance Small Business Owners

 

 
Loan Census SBA Loan Info

Loan to Buy Women's Health Boutique Franchise Issued By Citicapital Small Business Finance

Need a loan to invest in a Women's Health Boutique franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA.

If you live near Torrance, California and are interested in buying a Women's Health Boutique franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Citicapital Small Business Finance. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

WOMEN'S HEALTH BOUTIQUE
TORRANCE, CA 90504

SBA Loan Lender

CITICAPITAL SMALL BUSINESS FINANCE
250 E CARPENTER FRWY, STE 115
IRVING, TX 75062

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.

SIC Code

5999 - Retail Stores

Loan Approval Date

7/27/2000

Loan Approval Gross Amount

$183,000

Loan Approval from the SBA

Of the total $183,000 loan amount, the SBA guaranteed $137,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Women's Health Boutique franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the funding would help generate 2 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Women's Health Boutique

Business Line of Credit

Small Bank Loans in Irving, Texas

Texas SBA 7A Lenders