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May 3, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > Americanwest Bank Spokane Business Loans > Taco Del Mar Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Washington Entrepreneur Secures Financing to Buy Taco Del Mar FranchiseNeed a loan to purchase a Taco Del Mar franchise? Americanwest Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Spokane, Washington needed money to invest in a Taco Del Mar franchise back in 2005. Americanwest Bank issued an SBA franchise loan. Here are the details on this Washington small business loan. SBA Loan Borrower TACO DEL MAR SBA Loan Lender AMERICANWEST BANK This small business loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/8/2005 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Taco Del Mar franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: SBA Banks in Spokane, Washington Getting an SBA Loan in Washington
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