Tennessee Entrepreneur Secures Financing to Buy Sanford Rose Associates Franchise

Borrowing money to invest in a Sanford Rose Associates franchise? Memphis Area Teachers Cu has a history of making these loans and they are guaranteed by the SBA.

If you live near Cordova, Tennessee and are interested in buying a Sanford Rose Associates franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Memphis Area Teachers Cu. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SAM COWAN & ASSOCIATES, INCOR
CORDOVA, TN 38016

SBA Loan Lender

MEMPHIS AREA TEACHERS CU
7845 HWY 64
MEMPHIS, TN 38133

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

514199 - Information Services

Loan Approval Date

10/12/2007

Loan Approval Gross Amount

$119,000

Loan Approval from the SBA

Of the total $119,000 loan amount, the SBA guaranteed $101,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sanford Rose Associates franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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:

Sanford Rose Associates

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SBA 7A Banks in Memphis, Tennessee

Getting a Business Loan in Tennessee