Borrow Money to Buy a Strings Italian Cafe Franchise

Need a loan to buy a Strings Italian Cafe franchise? United American Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Strings Italian Cafe franchise? If so, here's a 2006 SBA franchise loan that you should know about. United American Bank was the lender and the entrepreneur was based in Daly City, California.

SBA Loan Borrower

STRINGS ITALIAN CAFE
DALY CITY, CA 94014

SBA Loan Lender

UNITED AMERICAN BANK
101 S ELLSWORTH, STE 110
SAN MATEO, CA 94401

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/4/2006

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Strings Italian Cafe franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 15 new jobs and retain 15 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Advice on Getting a Small Business Loan

SBA Approved Banks in San Mateo, California

SBA Lenders in California