Washington Mutual Bank Provides SBA Loan to Buy New York Burrito Gourmet Wraps Franchise

Borrowing money to invest in a New York Burrito Gourmet Wraps franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

New York Burrito Gourmet Wraps franchise loans are available to Layton, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Mutual Bank, based in Salt Lake City, Utah, issued an SBA franchise loan for a New York Burrito Gourmet Wraps franchise in 2000. We've got all the details on this Utah small business loan.

SBA Loan Borrower

NEW YORK BURRITO
LAYTON, UT 84040

SBA Loan Lender

WASHINGTON MUTUAL BANK
376 E 400 SOUTH
SALT LAKE CITY, UT 84111

This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending track record and are well trained in SBA lending rules and regulations.

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

5/31/2000

Loan Approval Gross Amount

$108,000

Loan Approval from the SBA

Of the total $108,000 loan amount, the SBA guaranteed $81,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a New York Burrito Gourmet Wraps franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $108,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

New York Burrito-Gourmet Wraps

Microlending as a Small Business Funding Source

Good Banks for Small Business in Salt Lake City, Utah

Getting an SBA Loan in Utah