Loan to Buy Baja Fresh Mexican Grill Franchise Issued By Bank Of America

Borrowing money to invest in a Baja Fresh Mexican Grill franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Baja Fresh Mexican Grill franchise shouldn't be too tough. In 2004, Bank Of America issued an SBA franchise loan to an entrepreneur in San Luis Obispo, California. Because Baja Fresh Mexican Grill was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

A. OWEN COMPANY, INC.
SAN LUIS OBISPO, CA 93401

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

722211 - Limited-Service Restaurants

Loan Approval Date

8/3/2004

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Baja Fresh Mexican Grill franchise. At the time of the loan, the company had 35 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

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.

Related Links:

Baja Fresh Mexican Grill

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Small Business Banks in Charlotte, North Carolina

Getting a Business Loan in North Carolina