Arizona Entrepreneur Secures Financing to Buy Famous Sams Franchise
Need money to invest in a Famous Sams franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA.
Famous Sams franchise loans are available to Gilbert, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Small Business Loan Source LLC, based in Houston, Texas, issued an SBA franchise loan for a Famous Sams franchise in 2007. We've got all the details on this Arizona small business loan.
SBA Loan Borrower
FAMOUS SAMS #23
GILBERT, AZ 85233
SBA Loan Lender
SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
10/26/2007
Loan Approval Gross Amount
$476,000
Loan Approval from the SBA
Of the total $476,000 loan amount, the SBA guaranteed $357,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Famous Sams franchise. At the time of the loan, the company
had 22 employees. The SBA loan application for the borrower indicated that the loan would help retain 22 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Famous Sam's Inc.
How Equity Dilution Works
Where to Get an SBA Loan in Houston, Texas
SBA Participating Banks in Texas