California Entrepreneur Secures Financing to Buy Arby's Franchise

Borrowing money to invest in an Arby's franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Irvine, California needed money to invest in an Arby's franchise back in 2001. Bank Of The West issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

ARBYS RESTAURANT
IRVINE, CA 92604

SBA Loan Lender

BANK OF THE WEST
10181 TRUCKEE TAHOE AIRPORT R
TRUCKEE, CA 96161

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

722211 - Limited-Service Restaurants

Loan Approval Date

6/5/2001

Loan Approval Gross Amount

$421,000

Loan Approval from the SBA

Of the total $421,000 loan amount, the SBA guaranteed $315,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Arby's franchise. At the time of the loan, the company had 55 employees. The SBA loan documents indicated that the loan would help generate 43 new jobs and retain 55 existing jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of The West that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Arby's, LLC

Realistic Debt Financing Options

SBA Approved Banks in Truckee, California

Getting a Business Loan in California