Palm Desert, CA Entrepreneur Gets SBA Loan to Buy Coco's Restaurant Bakery Franchise

Need a loan to invest in a Coco's Restaurant Bakery franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Coco's Restaurant Bakery franchise loans are available to Palm Desert, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Mutual Bank, based in Henderson, Nevada, issued an SBA franchise loan for a Coco's Restaurant Bakery franchise in 2001. We've got all the details on this California small business loan.

SBA Loan Borrower

COCO'S BAKERY AND RESTAURANT
PALM DESERT, CA 92260

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

This lender provides SBA bank 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

1/5/2001

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Coco's Restaurant Bakery franchise. At the time of the loan, the company had 25 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 25 existing jobs.

Getting an SBA Loan For Your 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Washington Mutual Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

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SBA Approved Banks in Henderson, Nevada

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