Riverside, CA Entrepreneur Gets SBA Loan to Buy Wienerschnitzel Franchise

Borrowing money to buy a Wienerschnitzel franchise? Vineyard Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Wienerschnitzel franchise? If so, here's a 2002 SBA franchise loan that you should know about. Vineyard Bank was the lender and the entrepreneur was based in Riverside, California.

SBA Loan Borrower

WIENERSCHNITZEL #343
RIVERSIDE, CA 92507

SBA Loan Lender

VINEYARD BANK
1260 CORONA POINTE CT
CORONA, CA 92879

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/5/2002

Loan Approval Gross Amount

$214,250

Loan Approval from the SBA

Of the total $214,250 loan amount, the SBA guaranteed $160,688.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Wienerschnitzel franchise. At the time of the loan, the company had 14 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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