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February 23, 2025 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Omaha, Business Loans > American National Bank Omaha Business Loans > New York Burrito Loan | ||||
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I Need Commercial Loans to Buy a Franchise in Bellevue, Nebraska
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Borrow Money to Buy a New York Burrito Gourmet Wraps FranchiseNeed a loan to invest in a New York Burrito Gourmet Wraps franchise? American National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Bellevue, Nebraska needed money to invest in a New York Burrito Gourmet Wraps franchise back in 2003. American National Bank issued an SBA franchise loan. Here are the details on this Nebraska small business loan. SBA Loan Borrower NEW YORK BURRITO SBA Loan Lender AMERICAN NATIONAL BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/10/2003 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a New York Burrito Gourmet Wraps franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 American National 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: New York Burrito-Gourmet Wraps Obtaining Funding - How to Decide How Much to Raise Best Omaha, Nebraska Banks for Small Business Getting an SBA Loan in Nebraska
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