Lake Oswego (oswego), OR Entrepreneur Gets SBA Loan to Buy Taco Del Mar Franchise

Need a loan to invest in a Taco Del Mar franchise? West Coast Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Taco Del Mar franchise? If so, here's a 2005 SBA franchise loan that you should know about. West Coast Bank was the lender and the entrepreneur was based in Lake Oswego (oswego), Oregon.

SBA Loan Borrower

C & E'S TACO DEL MAR
LAKE OSWEGO (OSWEGO), OR 97035

SBA Loan Lender

WEST COAST BANK
5335 MEADOWS RD
LAKE OSWEGO, OR 97035

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/11/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Taco Del Mar franchise. At the time of the loan, the company had 24 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 24 existing jobs.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from West Coast Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Taco Del Mar

Raising VC Money for Social Networking Companies

Find an SBA Lender in Lake Oswego, Oregon

SBA Participating Banks in Oregon