 |
 |
April 26, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > Concord, Business Loans > First Bank Concord Business Loans > Willows Shell Loan | ||||
 |
||||
Raising Money in Willows, California With SBA Loans
|
||||
 |
Willows, CA Entrepreneur Gets SBA Loan to Buy Shell Service Station FranchiseNeed a loan to purchase a Shell Service Station franchise? First Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Willows, California needed money to invest in a Shell Service Station franchise back in 2000. First Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower WILLOWS SHELL SBA Loan Lender FIRST BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations NAICS Code 422720 - Petroleum and Petroleum Products Wholesalers Loan Approval Date 12/5/2000 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $105,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Shell Service Station franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 $140,000 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: Best Banks in Concord, California
|
|
||
|
||||
|
|
||||