Loan to Buy Green Burrito mex. Fastfood Franchise Issued By Los Angeles National Bank

Need money to purchase a Green Burrito mex. Fastfood franchise? Los Angeles National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Green Burrito mex. Fastfood franchise? If so, here's a 2000 SBA franchise loan that you should know about. Los Angeles National Bank was the lender and the entrepreneur was based in La Habra, California.

SBA Loan Borrower

GREEN BURRITO #20
LA HABRA, CA 90631

SBA Loan Lender

LOS ANGELES NATIONAL BANK
7025 ORANGETHORPE AVE
BUENA PARK, CA 90621

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

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

4/3/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Green Burrito mex. Fastfood franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Los Angeles National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Los Angeles National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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