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April 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Luis Obispo, Business Loans > Mission Community Bank San Luis Obispo Business Loans > Baja Fresh Slo Loan | ||||
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San Luis Obispo, California Bank Loan
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Mission Community Bank Provides SBA Loan to Buy Baja Fresh Mexican Grill FranchiseNeed 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 SLO SBA Loan Lender MISSION COMMUNITY BANK This lender processed this SBA small business 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 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 application for the borrower indicated that the loan would help retain 60 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mission Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mission Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Family and Friend Investors - Your First Financiers Good Banks for Small Business in San Luis Obispo, California
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