Loan to Buy Central Park Hamburgers Franchise Issued By Borrego Springs Bank

Need money to purchase a Central Park Hamburgers franchise? Borrego Springs Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Central Park Hamburgers franchise may simply require a phone call to a local SBA banker. In 2000, Borrego Springs Bank issued an SBA franchise loan to an entrepreneur in Maryville, Tennessee. Because Central Park Hamburgers was registered with the SBA's registry of franchises, this Tennessee small business loan was issued on an expedited basis.

SBA Loan Borrower

CENTRAL PARK
MARYVILLE, TN 37801

SBA Loan Lender

BORREGO SPRINGS BANK
7777 ALVARADO RD, STE 114
LA MESA, CA 91941

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

9/27/2000

Loan Approval Gross Amount

$330,200

Loan Approval from the SBA

Of the total $330,200 loan amount, the SBA guaranteed $247,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Central Park Hamburgers franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

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 $330,200 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.

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