Loan to Buy Western Sizzlin Steak House Franchise Issued By Bancorpsouth Bank

Borrowing money to purchase a Western Sizzlin Steak House franchise? Bancorpsouth Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Western Sizzlin Steak House franchise shouldn't be too tough. In 2001, Bancorpsouth Bank issued an SBA franchise loan to an entrepreneur in Magnolia, Arkansas. Because Western Sizzlin Steak House was registered with the SBA's registry of franchises, this Arkansas small business loan was issued on an expedited basis.

SBA Loan Borrower

WESTERN SIZZLIN
MAGNOLIA, AR 71753

SBA Loan Lender

BANCORPSOUTH BANK
300 N JACKSON ST
MAGNOLIA, AR 71753

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/8/2001

Loan Approval Gross Amount

$190,000

Loan Approval from the SBA

Of the total $190,000 loan amount, the SBA guaranteed $142,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Western Sizzlin Steak House franchise. At the time of the loan, the company had 40 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Western Sizzlin

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SBA Approved Banks in Magnolia, Arkansas

SBA Lenders in Arkansas