Borrow Money to Buy a Fantastic Sam's Franchise

Need money to buy a Fantastic Sam's franchise? Synovus Bank Of Tampa Bay has a history of making these loans and they are guaranteed by the SBA.

Fantastic Sam's franchise loans are available to Saint Petersburg, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Synovus Bank Of Tampa Bay, based in Saint Petersburg, Florida, issued an SBA franchise loan for a Fantastic Sam's franchise in 2006. We've got all the details on this Florida small business loan.

SBA Loan Borrower

FANTASTIC SAM'S
SAINT PETERSBURG, FL 33711

SBA Loan Lender

SYNOVUS BANK OF TAMPA BAY
12450 ROOSEVELT BLVD
SAINT PETERSBURG, FL 33761

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

3/22/2006

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

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 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Synovus Bank Of Tampa Bay had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Synovus Bank Of Tampa Bay 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.

Related Links:

Fantastic Sams

Role of Business Plan When Raising Money

Best Banks for Small Business in Saint Petersburg, Florida

Find an SBA Lender in Florida