Liberty Bank Of Arkansas Provides SBA Loan to Buy Long John Silver's Franchise

Need money to buy a Long John Silver's franchise? Liberty Bank Of Arkansas has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Gassville, Arkansas needed money to invest in a Long John Silver's franchise back in 2001. Liberty Bank Of Arkansas issued an SBA franchise loan. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

BRANDON ENTERPRISES, INC.
GASSVILLE, AR 72635

SBA Loan Lender

LIBERTY BANK OF ARKANSAS
665 HWY 62 NE
MOUNTAIN HOME, AR 72653

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/31/2001

Loan Approval Gross Amount

$746,000

Loan Approval from the SBA

Of the total $746,000 loan amount, the SBA guaranteed $559,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Long John Silver's franchise. At the time of the loan, the company had 37 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $746,000 loan. Remember, fight for what you want, and it will be yours!

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:

Long John Silver's Restaurants, Inc.

Strategic Investors

Find an SBA Lender in Mountain Home, Arkansas

Arkansas SBA 7A Banks