Van Nuys, CA Entrepreneur Gets SBA Loan to Buy Taco Bell Franchise

Need a loan to purchase a Taco Bell franchise? Hanmi Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Van Nuys, California needed money to invest in a Taco Bell franchise back in 2003. Hanmi Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

BALBOA CAR CARE CENTER
VAN NUYS, CA 91406

SBA Loan Lender

HANMI BANK
3660 WILSHIRE BLVD, PH-A
LOS ANGELES, CA 90010

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

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

1/10/2003

Loan Approval Gross Amount

$1,490,000

Loan Approval from the SBA

Of the total $1,490,000 loan amount, the SBA guaranteed $999,998.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Taco Bell franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Hanmi 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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