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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Escondido, Business Loans > La Jolla Bank, Fsb Escondido Business Loans > Jamesway Restaurants Inc Loan | ||||
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California Small Business Funding for Franchises
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Loan to Buy Taco Bell Franchise Issued By La Jolla Bank, FsbBorrowing money to buy a Taco Bell franchise? La Jolla Bank, Fsb has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Taco Bell franchise shouldn't be overly burdensome. In 2004, La Jolla Bank, Fsb issued an SBA franchise loan to an entrepreneur in Rancho Santa Fe, California. Because Taco Bell was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower JAMESWAY RESTAURANTS INC SBA Loan Lender LA JOLLA BANK, FSB This lender provides SBA 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 722211 - Limited-Service Restaurants Loan Approval Date 4/29/2004 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Taco Bell franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 183 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 important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. La Jolla Bank, Fsb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, La Jolla Bank, Fsb made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: A Company That Helps Entrepreneurs Banks in Escondido, California
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