Tennessee Entrepreneur Secures Financing to Buy Rising Roll Gourmet Franchise

Need money to purchase a Rising Roll Gourmet franchise? Trustmark National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Germantown, Tennessee needed money to invest in a Rising Roll Gourmet franchise back in 2006. Trustmark National Bank issued an SBA franchise loan. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

RISING ROLL
GERMANTOWN, TN 38138

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/5/2006

Loan Approval Gross Amount

$144,000

Loan Approval from the SBA

Of the total $144,000 loan amount, the SBA guaranteed $122,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rising Roll Gourmet franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Trustmark National Bank and they will explain how you can get an SBA loan for your company.

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:

Rising Roll Gourmet

Obtaining Funding - Getting Venture Capital

SBA 7A Banks in Jackson, Mississippi

Mississippi SBA 7A Banks