Loan to Buy Zero's Franchise Issued By Lehman Brothers Bank, Fsb

Need a loan to purchase a Zero's franchise? Lehman Brothers Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

If you live near Goose Creek, South Carolina and are interested in buying a Zero's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Lehman Brothers Bank, Fsb. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ZERO'S SUBS - GOOSE CREEK
GOOSE CREEK, SC 29445

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
101 SUMMER ST
BOSTON, MA 02110

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

4/18/2000

Loan Approval Gross Amount

$150,700

Loan Approval from the SBA

Of the total $150,700 loan amount, the SBA guaranteed $113,025.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Zero's franchise. At the time of the loan, the company had 15 employees. This SBA loan request indicated that the loan would help create 15 new jobs.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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:

Zero's Subs

Raising Venture Capital

Where to Get an SBA Loan in Boston, Massachusetts

Massachusetts SBA Banks