Nevada Entrepreneur Secures Financing to Buy Taco Time Franchise
Borrowing money to invest in a Taco Time franchise? Ups Capital Business Credit has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Las Vegas, Nevada needed money to invest in a Taco Time franchise back in 2005. Ups Capital Business Credit issued an SBA franchise loan. Here are the details on this Nevada small business loan.
SBA Loan Borrower
TACO TIME SAMURAI SAM'S AND SU
LAS VEGAS, NV 89108
SBA Loan Lender
UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
3/22/2005
Loan Approval Gross Amount
$287,000
Loan Approval from the SBA
Of the total $287,000 loan amount, the SBA guaranteed $215,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Taco Time franchise. At the time of the loan, the company
had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 3 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
TacoTime International, Inc.
Obtaining Funding - How to Decide How Much to Raise
SBA Approved Banks in Windsor, Connecticut
SBA Connecticut Lenders