Washington Mutual Bank Provides SBA Loan to Buy A & W Restaurant Franchise

Need a loan to invest in an A & W Restaurant franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an A & W Restaurant franchise shouldn't be overly burdensome. In 2001, Washington Mutual Bank issued an SBA franchise loan to an entrepreneur in Watauga, Texas. Because A & W Restaurant was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

A & W ALL AMERICAN FOOD/LONG J
WATAUGA, TX 76148

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

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

6/15/2001

Loan Approval Gross Amount

$438,200

Loan Approval from the SBA

Of the total $438,200 loan amount, the SBA guaranteed $328,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an A & W Restaurant franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 18 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $438,200. How would you spend $438,200 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.

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