Loan to Buy Tijuana Flats Burrito Franchise Issued By Resource Bank

Need a loan to purchase a Tijuana Flats Burrito franchise? Resource Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Tijuana Flats Burrito franchise shouldn't be overly burdensome. In 2006, Resource Bank issued an SBA franchise loan to an entrepreneur in Virginia Beach, Virginia. Because Tijuana Flats Burrito was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis.

SBA Loan Borrower

TIJUANA FLATS BURRITO CO
VIRGINIA BEACH, VA 23452

SBA Loan Lender

RESOURCE BANK
4429 BONNEY RD, STE 300
VIRGINIA BEACH, VA 23462

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/19/2006

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tijuana Flats Burrito franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 15 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Resource Bank and they will explain how you can get an SBA loan for your company.

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:

Tijuana Flats Burrito

Financing Your Business

SBA 7A Banks for Virginia Beach, Virginia Loans

Getting a Business Loan in Virginia