Loan to Buy Togo's Eatery Franchise Issued By Nara Bank

Need a loan to buy a Togo's Eatery franchise? Nara Bank has a history of making these loans and they are guaranteed by the SBA.

Togo's Eatery franchise loans are available to San Bernardino, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Nara Bank, based in Los Angeles, California, issued an SBA franchise loan for a Togo's Eatery franchise in 2004. We've got all the details on this California small business loan.

SBA Loan Borrower

TOGO'S EATERY AND BASKIN ROBBI
SAN BERNARDINO, CA 92407

SBA Loan Lender

NARA BANK
3731 WILSHIRE BLVD, STE 1000
LOS ANGELES, CA 90010

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/11/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Togo's Eatery franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Togo's Eatery

SBIR Funding

Best Los Angeles, California Banks for Small Business

SBA Participating Banks in California