Borrow Money to Buy a Steak Escape Franchise

Borrowing money to buy a Steak Escape franchise? Annapolis Bancorp, Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Steak Escape franchise may simply require a phone call to a local SBA banker. In 2007, Annapolis Bancorp, Inc. issued an SBA franchise loan to an entrepreneur in College Park, Maryland. Because Steak Escape was registered with the SBA's registry of franchises, this Maryland small business loan was issued on an expedited basis.

SBA Loan Borrower

THE STEAK ESCAPE STORE NO.106
COLLEGE PARK, MD 20740

SBA Loan Lender

ANNAPOLIS BANCORP, INC.
1000 BESTGATE RD, STE 400
ANNAPOLIS, MD 21401

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/31/2007

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Steak Escape franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in College Park or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Line of Credit

SBA Banks in Annapolis, Maryland

SBA Lenders in Maryland