Loan to Buy Mama Fu's Noodie House Franchise Issued By United Commercial Bank

Need money to purchase a Mama Fu's Noodie House franchise? United Commercial Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mama Fu's Noodie House franchise shouldn't be too tough. In 2004, United Commercial Bank issued an SBA franchise loan to an entrepreneur in Duluth, Georgia. Because Mama Fu's Noodie House was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

MAMA FU'S
DULUTH, GA 30097

SBA Loan Lender

UNITED COMMERCIAL BANK
4360 CHAMBLEE-DUNWOODY RD
ATLANTA, GA 30341

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

7/23/2004

Loan Approval Gross Amount

$192,800

Loan Approval from the SBA

Of the total $192,800 loan amount, the SBA guaranteed $144,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mama Fu's Noodie House franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 6 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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