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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > True Communications Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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San Francisco, CA Entrepreneur Gets SBA Loan to Buy El Taco FranchiseBorrowing money to invest in an El Taco franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA. El Taco franchise loans are available to San Francisco, 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 an El Taco franchise in 2006. We've got all the details on this California small business loan. SBA Loan Borrower TRUE COMMUNICATIONS SBA Loan Lender WASHINGTON MUTUAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 517410 - Satellite Telecommunications Loan Approval Date 12/7/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an El Taco franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $25,000. How would you spend $25,000 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: El Taco Tote Real Mexican Grill Advice on Getting a Small Business Loan Who Lends Money to Small Businesses in Henderson, Nevada
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