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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Cinna Bon Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Washington Mutual Bank Provides SBA Loan to Buy Cinnabun FranchiseNeed money to buy a Cinnabun franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Cinnabun franchise may simply require a phone call to a local SBA banker. In 2006, Washington Mutual Bank issued an SBA franchise loan to an entrepreneur in Vancouver, Washington. Because Cinnabun was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis. SBA Loan Borrower CINNA BON SBA Loan Lender WASHINGTON MUTUAL BANK This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 445291 - Baked Goods Stores Loan Approval Date 12/5/2006 Loan Approval Gross Amount $26,000 Loan Approval from the SBA Of the total $26,000 loan amount, the SBA guaranteed $13,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Cinnabun franchise. At the time of the loan, the company had 42 employees. The SBA loan documents indicated that the loan would help retain 42 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We can help you find the best banks for small businesses in Vancouver 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: Who Lends Money to Small Businesses in Henderson, Nevada
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