Georgia Entrepreneur Secures Financing to Buy Mama Fu's Noodie House Franchise

Borrowing money to purchase a Mama Fu's Noodie House franchise? Potomac Bank - Virginia A Divisi has a history of making these loans and they are guaranteed by the SBA.

If you live near Marietta, Georgia and are interested in buying a Mama Fu's Noodie House franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Potomac Bank - Virginia A Divisi. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MAMA FU'S NOODLE HOUSE
MARIETTA, GA 30068

SBA Loan Lender

POTOMAC BANK - VIRGINIA A DIVISI
9910 MAIN ST
FAIRFAX, VA 22031

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/3/2003

Loan Approval Gross Amount

$407,000

Loan Approval from the SBA

Of the total $407,000 loan amount, the SBA guaranteed $305,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mama Fu's Noodie House franchise. At the time of the loan, the company had 40 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Potomac Bank - Virginia A Divisi are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Mama Fu's Noodle House

Raising VC Money for Social Networking Companies

SBA Participating Banks in Fairfax, Virginia

SBA Participating Banks in Virginia