Loan to Buy Taco Del Mar Franchise Issued By Redding Bank Of Commerce

Borrowing money to invest in a Taco Del Mar franchise? Redding Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Redding, California needed money to invest in a Taco Del Mar franchise back in 2005. Redding Bank Of Commerce issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

TACO DEL MAR
REDDING, CA 96003

SBA Loan Lender

REDDING BANK OF COMMERCE
1951 CHURN CREEK RD
REDDING, CA 96002

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/24/2005

Loan Approval Gross Amount

$77,400

Loan Approval from the SBA

Of the total $77,400 loan amount, the SBA guaranteed $65,790.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Taco Del Mar franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the borrowed money would help generate 8 new jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $77,400. How would you spend $77,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 Del Mar

Business Line of Credit

Small Bank Loans in Redding, California

SBA California Lenders