Loan to Buy Fantastic Sam's Franchise Issued By Vineyard Bank

Borrowing money to buy a Fantastic Sam's franchise? Vineyard Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fantastic Sam's franchise shouldn't be overly burdensome. In 2007, Vineyard Bank issued an SBA franchise loan to an entrepreneur in Rancho Cucamonga, California. Because Fantastic Sam's was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

JOHN EUBANKS SABINE EUBANKS CH
RANCHO CUCAMONGA, CA 91730

SBA Loan Lender

VINEYARD BANK
1260 CORONA POINTE CT
CORONA, CA 92879

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

4/6/2007

Loan Approval Gross Amount

$1,930,000

Loan Approval from the SBA

Of the total $1,930,000 loan amount, the SBA guaranteed $1,447,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 1050 employees. The SBA loan application for the borrower indicated that the loan would help retain 105 existing jobs.

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 important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Vineyard Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Vineyard Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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