Fremont, CA Entrepreneur Gets SBA Loan to Buy Togo's Eatery Franchise
Borrowing money to buy a Togo's Eatery franchise? The Mechanics Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Togo's Eatery franchise? If so, here's a 2003 SBA franchise loan that you should know about. The Mechanics Bank was the lender and the entrepreneur was based in Fremont, California.
SBA Loan Borrower
TOGO'S EATERY-FREMONT HUB
FREMONT, CA 94538
SBA Loan Lender
THE MECHANICS BANK
801 SAN PABLO
ALBANY, CA 94706
This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
5812 - Eating Places
722211 - Limited-Service Restaurants
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $171,812 loan amount, the SBA guaranteed $128,859.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Togo's Eatery franchise. At the time of the loan, the company
had 15 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Mechanics Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.
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