Tomatobank Provides SBA Loan to Buy Yoshinoya Restaurant Franchise

Need money to purchase a Yoshinoya Restaurant franchise? Tomatobank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Yoshinoya Restaurant franchise is doable. In 2007, Tomatobank issued an SBA franchise loan to an entrepreneur in Monterey Park, California. Because Yoshinoya Restaurant was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

YOSHINOYA BEEF BOWL RESTAURANT
MONTEREY PARK, CA 91754

SBA Loan Lender

TOMATOBANK
18605 E GALE AVE, STE 238
CITY OF INDUSTRY, CA 91748

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/27/2007

Loan Approval Gross Amount

$505,000

Loan Approval from the SBA

Of the total $505,000 loan amount, the SBA guaranteed $378,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Yoshinoya Restaurant franchise. At the time of the loan, the company had 19 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 19 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Raising VC Money for Social Networking Companies

Who Lends Money to Small Businesses in City Of Industry, California

SBA Lenders in California