Lexington, KY Entrepreneur Gets SBA Loan to Buy Moe's Sw Grill Franchise

Borrowing money to buy a Moe's Sw Grill franchise? Irwin Franchise Cap. Corp has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Moe's Sw Grill franchise? If so, here's a 2006 SBA franchise loan that you should know about. Irwin Franchise Cap. Corp was the lender and the entrepreneur was based in Lexington, Kentucky.

SBA Loan Borrower

MOE'S SOUTHWEST GRILL
LEXINGTON, KY 40502

SBA Loan Lender

IRWIN FRANCHISE CAP. CORP
10 PARAGON DR
MONTVALE, NJ 07645

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

722211 - Limited-Service Restaurants

Loan Approval Date

8/11/2006

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 Moe's Sw Grill franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 40 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Lexington KY, you ought to talk with a local Lexington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lexington businesses.

We can help you find the best banks for small businesses in Lexington or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Moe's Southwest Grill

Understanding Dilution

Small Business Banks in Montvale, New Jersey

SBA Lenders in New Jersey