California Entrepreneur Secures Financing to Buy Fantastic Sam's Franchise

Borrowing money to buy a Fantastic Sam's franchise? Tomatobank has a history of making these loans and they are guaranteed by the SBA.

Fantastic Sam's franchise loans are available to Chino, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Tomatobank, based in City Of Industry, California, issued an SBA franchise loan for a Fantastic Sam's franchise in 2005. We've got all the details on this California small business loan.

SBA Loan Borrower

FANTASTIC SAMS
CHINO, CA 91710

SBA Loan Lender

TOMATOBANK
18605 E GALE AVE, STE 100
CITY OF INDUSTRY, CA 91748

This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

9/30/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Fantastic Sams

Dealing With Venture Capitalists

SBA Banks in City Of Industry, California

California SBA 7A Lenders