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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Moreno Valley, Business Loans > Bbva Bancomer Usa Moreno Valley Business Loans > Green Burrito Loan | ||||
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California Small Business Funding for Franchises
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Loan to Buy Green Burrito mex. Fastfood Franchise Issued By Bbva Bancomer UsaBorrowing money to purchase a Green Burrito mex. Fastfood franchise? Bbva Bancomer Usa has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Lake Arrowhead, California needed money to invest in a Green Burrito mex. Fastfood franchise back in 2000. Bbva Bancomer Usa issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower GREEN BURRITO SBA Loan Lender BBVA BANCOMER USA This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 7/6/2000 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. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Raising VC Money for Social Networking Companies Small Bank Loans in Moreno Valley, California
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