Borrow Money to Buy a Fazoli's italian Restaurant Franchise

Need money to purchase a Fazoli's italian Restaurant franchise? Empire Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fazoli's italian Restaurant franchise shouldn't be overly burdensome. In 2002, Empire Bank issued an SBA franchise loan to an entrepreneur in Rogers, Arkansas. Because Fazoli's italian Restaurant was registered with the SBA's registry of franchises, this Arkansas small business loan was issued on an expedited basis.

SBA Loan Borrower

FAZOLI'S RESTAURANT
ROGERS, AR 72756

SBA Loan Lender

EMPIRE BANK
1800 S GLENSTONE
SPRINGFIELD, MO 65804

This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/24/2002

Loan Approval Gross Amount

$222,500

Loan Approval from the SBA

Of the total $222,500 loan amount, the SBA guaranteed $166,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fazoli's italian Restaurant franchise. At the time of the loan, the company had 36 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $222,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Fazoli's Restaurants

Alternative Financing

SBA Approved Banks in Springfield, Missouri

SBA Lenders in Missouri