Lubbock, TX Entrepreneur Gets SBA Loan to Buy Samari Sams Teriyaki Grill Franchise

Need a loan to invest in a Samari Sams Teriyaki Grill franchise? State National Bank 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 2003, State National Bank issued an SBA franchise loan to an entrepreneur in Lubbock, Texas. Because Samari Sams Teriyaki Grill was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

SAMURAI SAM'S TERIYAKI GRILL
LUBBOCK, TX 79424

SBA Loan Lender

STATE NATIONAL BANK
8200 NASHVILLE AVE
LUBBOCK, TX 79423

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/29/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Samari Sams Teriyaki Grill franchise. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from State National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Alternative Financing

Small Bank Loans in Lubbock, Texas

Texas SBA 7A Banks