Borrow Money to Buy a Baja Fresh Mexican Grill Franchise

Need money to buy a Baja Fresh Mexican Grill franchise? Mission Community Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in San Luis Obispo, California needed money to invest in a Baja Fresh Mexican Grill franchise back in 2004. Mission Community Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

BAJA FRESH ARROYO GRANDE
SAN LUIS OBISPO, CA 93401

SBA Loan Lender

MISSION COMMUNITY BANK
581 HIGUERA ST
SAN LUIS OBISPO, CA 93401

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

722211 - Limited-Service Restaurants

Loan Approval Date

9/21/2004

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 a Baja Fresh Mexican Grill franchise. At the time of the loan, the company had 60 employees. The SBA loan documents indicated that the loan would help retain 60 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in San Luis Obispo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

Direct Public Offerings

Small Bank Loans in San Luis Obispo, California

California SBA Banks