Borrow Money to Buy a Taco Del Mar Franchise

Need a loan to buy a Taco Del Mar franchise? City Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Arlington, Washington and are interested in buying a Taco Del Mar franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by City Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

TACO DEL MAR
ARLINGTON, WA 98223

SBA Loan Lender

CITY BANK
14807 HWY 99
LYNNWOOD, WA 98087

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

11/28/2006

Loan Approval Gross Amount

$181,800

Loan Approval from the SBA

Of the total $181,800 loan amount, the SBA guaranteed $136,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Taco Del Mar franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 8 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Taco Del Mar

How Equity Dilution Works

SBA 7A Banks in Lynnwood, Washington

Find an SBA Lender in Washington