Loan Census Banking News and Information
December 18, 2024  
 
 
  Business Loan Information  
 

Tips for Borrowing Money to Buy a Franchise

 

 
Loan Census SBA Loan Info

Lehman Brothers Bank, Fsb Provides SBA Loan to Buy Grandy's Franchise

Need money to invest in a Grandy's franchise? Lehman Brothers Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Grandy's franchise? If so, here's a 2000 SBA franchise loan that you should know about. Lehman Brothers Bank, Fsb was the lender and the entrepreneur was based in Dallas, Texas.

SBA Loan Borrower

GRANDY'S #2040
DALLAS, TX 75224

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
101 SUMMER ST
BOSTON, MA 02110

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/19/2000

Loan Approval Gross Amount

$206,000

Loan Approval from the SBA

Of the total $206,000 loan amount, the SBA guaranteed $154,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Grandy's franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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:

Grandy's, Inc.

Raising VC Money for Social Networking Companies

SBA Banks in Boston, Massachusetts

SBA Lenders in Massachusetts