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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Mateo, Business Loans > United American Bank San Mateo Business Loans > Del Taco Loan | ||||
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California Small Business Funding for Franchises
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Fremont, CA Entrepreneur Gets SBA Loan to Buy Del Taco FranchiseNeed a loan to purchase a Del Taco franchise? United American Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Del Taco franchise is doable. In 2004, United American Bank issued an SBA franchise loan to an entrepreneur in Fremont, California. Because Del Taco was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower DEL TACO SBA Loan Lender UNITED AMERICAN BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/16/2004 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Del Taco franchise. At the time of the loan, the company had 39 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $250,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Determining Proper Capital Structure for a Business Banks in San Mateo, California
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