Loan to Buy Golden Corral restaurant Franchise Issued By Fulton Savings Bank

Need money to buy a Golden Corral restaurant franchise? Fulton Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Golden Corral restaurant franchise loans are available to Fulton, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fulton Savings Bank, based in Fulton, New York, issued an SBA franchise loan for a Golden Corral restaurant franchise in 2002. We've got all the details on this New York small business loan.

SBA Loan Borrower

GOLDEN CORRAL CORPORATION
FULTON, NY 13069

SBA Loan Lender

FULTON SAVINGS BANK
75 S 1ST ST
FULTON, NY 13069

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

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

9/19/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Golden Corral restaurant franchise. At the time of the loan, the company had 52 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

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.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Fulton Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Golden Corral Buffet & Grill

Accountant's Role in Securing Financing

SBA 7A Banks in Fulton, New York

Browse All Business Loan Sources for New York