Loan to Buy Juan's Mexicali Franchise Issued By Cobiz Bank

Need a loan to invest in a Juan's Mexicali franchise? Cobiz Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Denver, Colorado needed money to invest in a Juan's Mexicali franchise back in 2005. Cobiz Bank issued an SBA franchise loan. Here are the details on this Colorado small business loan.

SBA Loan Borrower

JUAN'S MEXICALI
DENVER, CO 80246

SBA Loan Lender

COBIZ BANK
821 17TH ST
DENVER, CO 80202

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/26/2005

Loan Approval Gross Amount

$373,000

Loan Approval from the SBA

Of the total $373,000 loan amount, the SBA guaranteed $279,750.

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 loan application indicated that the loan would help generate 32 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Denver CO, you ought to talk with a local Denver SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Denver businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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

Obtaining Funding - How to Borrow Money

SBA 7A Lenders in Denver, Colorado

Find an SBA Lender in Colorado