Laguna Niguel, CA Entrepreneur Gets SBA Loan to Buy Baja Fresh Mexican Grill Franchise
Borrowing money to purchase a Baja Fresh Mexican Grill franchise? American Security Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Baja Fresh Mexican Grill franchise? If so, here's a 2001 SBA franchise loan that you should know about. American Security Bank was the lender and the entrepreneur was based in Laguna Niguel, California.
SBA Loan Borrower
BAJA FRESH MEXICAN GRILL
LAGUNA NIGUEL, CA 92677
SBA Loan Lender
AMERICAN SECURITY BANK
1 MACARTHUR PL, STE 110
SANTA ANA, CA 92707
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
11/28/2001
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 Baja Fresh Mexican Grill franchise. At the time of the loan, the company
had 40 employees. This SBA loan request indicated that the loan would help retain 40 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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