Fullerton, CA Entrepreneur Gets SBA Loan to Buy Togo's Eatery Franchise

Need a loan to invest in a Togo's Eatery franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Togo's Eatery franchise loans are available to Fullerton, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Mutual Bank, based in Medford, Oregon, issued an SBA franchise loan for a Togo's Eatery franchise in 2001. We've got all the details on this California small business loan.

SBA Loan Borrower

FRIDAY'S FOODLINE INC
FULLERTON, CA 92833

SBA Loan Lender

WASHINGTON MUTUAL BANK
601 CRATER LAKE AVE
MEDFORD, OR 97504

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

722211 - Limited-Service Restaurants

Loan Approval Date

11/5/2001

Loan Approval Gross Amount

$490,000

Loan Approval from the SBA

Of the total $490,000 loan amount, the SBA guaranteed $367,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Togo's Eatery franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Washington Mutual Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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Togo's Eatery

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Small Bank Loans in Medford, Oregon

SBA Lenders in Oregon