Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Gril SBA Intelligence: Real Cost, Rates & Failure Rate

Q: How much does a Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Gril cost to buy or open?

The typical deal for Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Gril is $30K across 5 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $3K of buyer cash on a typical deal.

Q: Can I finance a Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Gril with an SBA loan?

Yes — Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Gril has been SBA-financed 0 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

Recent financings

NAND1325 LLC in Mooresville, NC — $230K (2024) · SouthState Bank, National Association

Program: Preferred Lenders Program
Rate at approval: 11.25% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $173K (75%)
Approval → funding: 3 days
Approved: 4/12/2024
First disbursed: 4/15/2024
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market: Loan sold to investors
Jobs supported: 2
Business age: New Business or 2 years or less
Industry: Full-Service Restaurants

Funded by SouthState Bank, National Association · Lender record →

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Salsarita Union, Inc in Buffalo, NY — $584K (2023) · purchase · Manufacturers and Traders Trust Company

Program: Preferred Lenders Program
Rate at approval: 8.75% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $438K (75%)
Approval → funding: 18 days
Approved: 10/6/2022
First disbursed: 10/24/2022
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported

Salsarita Transit, Inc in Buffalo, NY — $30K (2023) · purchase · Manufacturers and Traders Trust Company

Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Rate at approval: 10% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $15K (50%)
Approval → funding: 25 days
Approved: 10/6/2022
First disbursed: 10/31/2022
Loan status: Current
Loan type: Revolving line
Collateral: Required
Business type

Salsarita Union, Inc in Buffalo, NY — $30K (2023) · purchase · Manufacturers and Traders Trust Company

Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Rate at approval: 10% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $15K (50%)
Approval → funding: 34 days
Approved: 10/6/2022
First disbursed: 11/9/2022
Loan status: Current
Loan type: Revolving line
Collateral: Required
Business type

Salsarita Chippewa, Inc in Buffalo, NY — $30K (2023) · purchase · Manufacturers and Traders Trust Company

Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Rate at approval: 10% variable
Term: 120 mo (10 yrs)
SBA guaranteed: $15K (50%)
Approval → funding: 25 days
Approved: 10/6/2022
First disbursed: 10/31/2022
Loan status: Current
Loan type: Revolving line
Collateral: Required
Business type

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Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Gril, by the numbers

Recent financings

Who funds Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Gril — and where

Common questions

How much does a Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Gril cost to buy or open?

How risky is Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Gril?

Can I finance a Salsarita's Fresh Cantina aka Salsarita's Fresh Mexican Gril with an SBA loan?

AI summary