Oregon Entrepreneur Secures Financing to Buy Sonic Drive-In Franchise

Need money to purchase a Sonic Drive-In franchise? Irwin Franchise Cap. Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sonic Drive-In franchise shouldn't be too tough. In 2006, Irwin Franchise Cap. Corp issued an SBA franchise loan to an entrepreneur in Portland, Oregon. Because Sonic Drive-In was registered with the SBA's registry of franchises, this Oregon small business loan was issued on an expedited basis.

SBA Loan Borrower

SONIC DRIVE-IN
PORTLAND, OR 97221

SBA Loan Lender

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

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

7/31/2006

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 a new business. This loan was used to buy a Sonic Drive-In franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 40 new jobs and retain 42 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

We can help you find the best banks for small businesses in Portland 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.

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