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May 3, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Warsaw, Business Loans > Five Star Bank Warsaw Business Loans > Salsarita's Restaurant Loan | ||||
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Banks for Franchise Loans in New York
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Borrow Money to Buy a Salsarita's FranchiseBorrowing money to purchase a Salsarita's franchise? Five Star Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Salsarita's franchise? If so, here's a 2006 SBA franchise loan that you should know about. Five Star Bank was the lender and the entrepreneur was based in Depew, New York. SBA Loan Borrower SALSARITA'S RESTAURANT SBA Loan Lender FIVE STAR BANK 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 3/30/2006 Loan Approval Gross Amount $290,000 Loan Approval from the SBA Of the total $290,000 loan amount, the SBA guaranteed $217,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Salsarita's franchise. At the time of the loan, the company had 17 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 17 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: A Company That Helps Entrepreneurs Who Lends Money to Small Businesses in Warsaw, New York
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