Dumfries, VA Entrepreneur Gets SBA Loan to Buy Golden Corral restaurant Franchise

Borrowing money to buy a Golden Corral restaurant franchise? Lehman Brothers Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Dumfries, Virginia needed money to invest in a Golden Corral restaurant franchise back in 2000. Lehman Brothers Bank, Fsb issued an SBA franchise loan. Here are the details on this Virginia small business loan.

SBA Loan Borrower

GOLDEN CORRAL
DUMFRIES, VA 22026

SBA Loan Lender

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

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/29/2000

Loan Approval Gross Amount

$198,400

Loan Approval from the SBA

Of the total $198,400 loan amount, the SBA guaranteed $148,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Golden Corral restaurant franchise. At the time of the loan, the company had 30 employees. This SBA loan request indicated that the loan would help generate 30 new jobs and retain 30 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? 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.

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