Depew, NY Entrepreneur Gets SBA Loan to Buy Salsarita's Franchise

Need money to invest in a Salsarita's franchise? Five Star Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Depew, New York and are interested in buying a Salsarita's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Five Star Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SALSARITA'S RESTAURANT
DEPEW, NY 14043

SBA Loan Lender

FIVE STAR BANK
55 N MAIN ST
WARSAW, NY 14569

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

722110 - Full-Service Restaurants

Loan Approval Date

6/2/2005

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $165,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Salsarita's franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 14 new jobs and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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.

Related Links:

Salsarita's Fresh Cantina

Small Business Credit Cards

SBA 7A Lenders in Warsaw, New York

SBA Participating Banks in New York