Loan to Buy Salsarita's Franchise Issued By Citizens Bank

Need money to buy a Salsarita's franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Salsarita's franchise? If so, here's a 2006 SBA franchise loan that you should know about. Citizens Bank was the lender and the entrepreneur was based in Johnson City, Tennessee.

SBA Loan Borrower

SALSARITA'S
JOHNSON CITY, TN 37601

SBA Loan Lender

CITIZENS BANK
300 BROAD ST
ELIZABETHTON, TN 37643

This SBA business loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/10/2006

Loan Approval Gross Amount

$357,069

Loan Approval from the SBA

Of the total $357,069 loan amount, the SBA guaranteed $267,802.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Salsarita's franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Johnson City TN, you ought to talk with a local Johnson City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Johnson City businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Salsarita's Fresh Cantina

Determining Proper Capital Structure for a Business

SBA 7A Banks in Elizabethton, Tennessee

SBA Tennessee Lenders