mexican-restaurant-sba-loan

Mexican Restaurant SBA 7(a) financing

Posted on: January 4th, 2016

Mexican Restaurant SBA 7(a) financing $1,875,000. Of the two partners, one only had a good credit. 4 Banks did not approve conventional Commercial financing, but CCF was able to get them a loan.

Loan Scenario

  • Two successful restauranteurs owned three restaurants and wanted to open a fourth.
  • Traditional lenders are typically hesitant to finance start-up restaurants and they had difficulty finding conventional financing, their own bank a nationally recognized lender did not approve their request, we were able to accommodate their need.

Our Solution

  • CCF local partner, who carefully screened and structured the transaction, provided CCF with a sound loan backed by experienced restauranteurs of proven success in the San Francisco Bay Area.
  • CCF provided a $790,000 SBA 7(a) loan for inventory, leasehold improvements, equipment and permanent working capital.

Positive Conclusion

  • Located in a low-income community. We Specialize in minority Owned businesses and deprived neighbor\hoods where granting this loan will have a impact on the neighborhood in a positive way.
  • 36 new jobs with health insurance and employee training provided. CCF offers SBA 7(a) loans ranging from $50,000 – $4,000,000 for owner-occupied real estate and leasehold improvements, business equipment, permanent working capital, and refinancing existing debt.

CCF offers SBA 7(a) loans ranging from $50,000 – $4,000,000 for owner-occupied real estate and leasehold improvements, business equipment, permanent working capital, and refinancing existing debt.