Las Vegas, NV Entrepreneur Gets SBA Loan to Buy Samari Sams Teriyaki Grill Franchise

Borrowing money to purchase a Samari Sams Teriyaki Grill franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Samari Sams Teriyaki Grill franchise may simply require a phone call to a local SBA banker. In 2006, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Las Vegas, Nevada. Because Samari Sams Teriyaki Grill was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis.

SBA Loan Borrower

SAMURAI SAMS
LAS VEGAS, NV 89148

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/14/2006

Loan Approval Gross Amount

$1,296,000

Loan Approval from the SBA

Of the total $1,296,000 loan amount, the SBA guaranteed $972,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Samari Sams Teriyaki Grill franchise. At the time of the loan, the company had 41 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 43 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Banco Popular North America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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