Littleton, CO Entrepreneur Gets SBA Loan to Buy Baja Fresh Mexican Grill Franchise

Borrowing money to buy a Baja Fresh Mexican Grill franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Baja Fresh Mexican Grill franchise is doable. In 2002, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Littleton, Colorado. Because Baja Fresh Mexican Grill was registered with the SBA's registry of franchises, this Colorado small business loan was issued on an expedited basis.

SBA Loan Borrower

BAJA FRESH
LITTLETON, CO 80120

SBA Loan Lender

WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/30/2002

Loan Approval Gross Amount

$481,000

Loan Approval from the SBA

Of the total $481,000 loan amount, the SBA guaranteed $360,750.

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 45 employees. The loan application indicated that the loan would help retain 45 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Baja Fresh Mexican Grill

Determining Proper Capital Structure for a Business

Banks in Minneapolis, Minnesota

Getting an SBA Loan in Minnesota