Loan Census Banking News and Information
July 24, 2024  
  Business Loan Information  

Good Banks for Ventura Franchise Buyers


Loan Census SBA Loan Info

California Entrepreneur Secures Financing to Buy Medicine Shoppe Franchise

Need a loan to invest in a Medicine Shoppe franchise? Premier Business Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Ventura, California needed money to invest in a Medicine Shoppe franchise back in 2007. Premier Business Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower


SBA Loan Lender

700 S FLOWER ST, STE 2000

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.


446110 - Pharmacies and Drug Stores

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Medicine Shoppe franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $750,000 loan. Remember, anyone can do it... so why not 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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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:

Medicine Shoppe International, Inc.

Business Line of Credit

Small Bank Loans in Los Angeles, California

California SBA 7A Lenders