Milford, CT Entrepreneur Gets SBA Loan to Buy Taco Bell Franchise

Need a loan to purchase a Taco Bell franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Milford, Connecticut needed money to invest in a Taco Bell franchise back in 2006. Rbs Citizens issued an SBA franchise loan. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

SURAJ INC DBA TACO BELL EXPRESS
MILFORD, CT 06460

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/16/2006

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $120,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Taco Bell franchise. At the time of the loan, the company had 13 employees. The SBA loan documents indicated that the loan would help generate 18 new jobs and retain 31 existing jobs.

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

If you need money to start business in Milford CT, you ought to talk with a local Milford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Milford businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $240,000 loan. Remember, you control your own destiny.

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 Bell Corporation

Alternative Financing

Good Banks for Small Business in Providence, Rhode Island

Rhode Island SBA 7A Lenders