Loan to Buy Wienerschnitzel Franchise Issued By Hanmi Bank

Need a loan to purchase a Wienerschnitzel franchise? Hanmi Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wienerschnitzel franchise may simply require a phone call to a local SBA banker. In 2005, Hanmi Bank issued an SBA franchise loan to an entrepreneur in Costa Mesa, California. Because Wienerschnitzel was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

WIENERSCHNITZEL #48
COSTA MESA, CA 92627

SBA Loan Lender

HANMI BANK
3660 WILSHIRE BLVD, STE 103
LOS ANGELES, CA 90010

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

4/28/2005

Loan Approval Gross Amount

$580,500

Loan Approval from the SBA

Of the total $580,500 loan amount, the SBA guaranteed $435,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Wienerschnitzel franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Costa Mesa CA, you ought to talk with a local Costa Mesa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Costa Mesa 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 $580,500 loan. Remember, things become real when you believe you can achieve them!

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:

Wienerschnitzel

How to Raise Money

SBA Approved Banks in Los Angeles, California

SBA California Lenders