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November 14, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Elizabethton, Business Loans > Citizens Bank Elizabethton Business Loans > Salsarita's Loan | ||||
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Best Banks for Bristol, Virginia Entrepreneurs
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Virginia Entrepreneur Secures Financing to Buy Salsarita's FranchiseNeed a loan to buy a Salsarita's franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Bristol, Virginia and are interested in buying a Salsarita's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Citizens Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower SALSARITA'S SBA Loan Lender CITIZENS BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners. 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 8/8/2005 Loan Approval Gross Amount $334,115 Loan Approval from the SBA Of the total $334,115 loan amount, the SBA guaranteed $250,586. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Salsarita's franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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. Related Links: SBA Participating Banks in Elizabethton, Tennessee
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