Newtek Small Business Finance Inc. Provides SBA Loan to Buy Juan's Mexicali Franchise

Need a loan to purchase a Juan's Mexicali franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA.

If you live near Charleston, South Carolina and are interested in buying a Juan's Mexicali franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Newtek Small Business Finance Inc.. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

JUAN'S MEXICALI
CHARLESTON, SC 29407

SBA Loan Lender

NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/27/2006

Loan Approval Gross Amount

$516,000

Loan Approval from the SBA

Of the total $516,000 loan amount, the SBA guaranteed $387,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Juan's Mexicali franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 14 new jobs and retain 16 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Newtek Small Business Finance Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Juan's Mexicali

Alternative Financing

Banks in New York, New York

Getting an SBA Loan in New York