Hotdog success thanks to the SBA

8/4/2011

U.S. Small Business Administration loans have helped numerous entrepreneurs realize their dreams of opening a business. The organization backs private commercial loans and offers resources for potential and existing small business owners to find and secure funding.

Pico Rivera, California, resident Ron Beilke was able to successfully open a branch of the Wienerschnitzel hotdog restaurant franchise thanks to SBA lending. He procured a $750,000 loan with the assistance and guaranteed backing of the SBA, which helped to pay for construction costs, initial operations and franchise-related fees and royalties.

Because of the volatile nature of food service industry startups, the SBA's help was a boon for the first-time business owner. According to the organization, SBA Los Angeles district office director Alberto G. Alvarado personally worked with Beilke in presenting the proper documentation and financial feasibility study.

Thanks to resources and backing from the SBA and the benefits of opening an established franchise brand, Beilke's restaurant was a quick success. The SBA estimates that his venture soon employed 20 workers and was ranked in the top 30 most successful branches of the franchise. While opening a small business venture takes fortitude and know-how, guidance and assistance from the SBA is often invaluable.