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December 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Montvale, Business Loans > Irwin Franchise Cap. Corp Montvale Business Loans > Odoba Mexican Grill Loan | ||||
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West Hempstead, New York Bank Loan
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New York Entrepreneur Secures Financing to Buy Qdoba Mexican Grill FranchiseNeed money to invest in a Qdoba Mexican Grill franchise? Irwin Franchise Cap. Corp has a history of making these loans and they are guaranteed by the SBA. Qdoba Mexican Grill franchise loans are available to West Hempstead, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Irwin Franchise Cap. Corp, based in Montvale, New Jersey, issued an SBA franchise loan for a Qdoba Mexican Grill franchise in 2006. We've got all the details on this New York small business loan. SBA Loan Borrower ODOBA MEXICAN GRILL SBA Loan Lender IRWIN FRANCHISE CAP. CORP This lender processed this SBA bank 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 722110 - Full-Service Restaurants Loan Approval Date 7/28/2006 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Qdoba Mexican Grill franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 38 new jobs and retain 40 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Irwin Franchise Cap. Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Realistic Debt Financing Options SBA Banks in Montvale, New Jersey
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