Loan to Buy Taco Del Mar Franchise Issued By The Cowlitz Bank

Borrowing money to buy a Taco Del Mar franchise? The Cowlitz Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Taco Del Mar franchise? If so, here's a 2003 SBA franchise loan that you should know about. The Cowlitz Bank was the lender and the entrepreneur was based in Hillsboro, Oregon.

SBA Loan Borrower

MEXICAN BELLY BUSTERS, INC.
HILLSBORO, OR 97124

SBA Loan Lender

THE COWLITZ BANK
1001 SW 5TH, STE 250
PORTLAND, OR 97204

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/21/2003

Loan Approval Gross Amount

$178,500

Loan Approval from the SBA

Of the total $178,500 loan amount, the SBA guaranteed $133,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Taco Del Mar franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from The Cowlitz Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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