Borrow Money to Buy a Sonic Drive-In Franchise

Borrowing money to invest in a Sonic Drive-In franchise? Silver State Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sonic Drive-In franchise may simply require a phone call to a local SBA banker. In 2002, Silver State Bank issued an SBA franchise loan to an entrepreneur in Fallon, Nevada. Because Sonic Drive-In was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis.

SBA Loan Borrower

SONIC DRIVE IN OF FALLON
FALLON, NV 89406

SBA Loan Lender

SILVER STATE BANK
170 S GREEN VALLEY PKWY
HENDERSON, NV 89012

This lender provides SBA business 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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/18/2002

Loan Approval Gross Amount

$299,700

Loan Approval from the SBA

Of the total $299,700 loan amount, the SBA guaranteed $224,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sonic Drive-In franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Fallon NV, you ought to talk with a local Fallon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fallon businesses.

We can help you find the best banks for small businesses in Fallon or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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