State Empl Fcu Provides SBA Loan to Buy Moe's Sw Grill Franchise

Need a loan to purchase a Moe's Sw Grill franchise? State Empl Fcu has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Colonie, New York needed money to invest in a Moe's Sw Grill franchise back in 2006. State Empl Fcu issued an SBA franchise loan. Here are the details on this New York small business loan.

SBA Loan Borrower

MOE'S SOUTHWEST GRILL
COLONIE, NY 12110

SBA Loan Lender

STATE EMPL FCU
SEFCU PATROON CREEK CORPORATE
ALBANY, NY 12206

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/7/2006

Loan Approval Gross Amount

$325,000

Loan Approval from the SBA

Of the total $325,000 loan amount, the SBA guaranteed $243,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Moe's Sw Grill franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Colonie NY, you ought to talk with a local Colonie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Colonie businesses.

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 $325,000 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 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.

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Getting an SBA Loan in New York