Maryland Entrepreneur Secures Financing to Buy Qdoba Mexican Grill Franchise

Borrowing money to purchase a Qdoba Mexican Grill franchise? Ncb, Fsb has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Glen Burnie, Maryland needed money to invest in a Qdoba Mexican Grill franchise back in 2006. Ncb, Fsb issued an SBA franchise loan. Here are the details on this Maryland small business loan.

SBA Loan Borrower

QDOBA MEXICAN GRILL
GLEN BURNIE, MD 21061

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

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

6/27/2006

Loan Approval Gross Amount

$415,000

Loan Approval from the SBA

Of the total $415,000 loan amount, the SBA guaranteed $311,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Qdoba Mexican Grill franchise. At the time of the loan, the company had 62 employees. This SBA loan request indicated that the loan would help generate 31 new jobs and retain 31 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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