Texas Entrepreneur Secures Financing to Buy Fantastic Sam's Franchise

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

An entrepreneur in San Antonio, Texas needed money to invest in a Fantastic Sam's franchise back in 2004. Broadway National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

FANTASTIC SAMS
SAN ANTONIO, TX 78154

SBA Loan Lender

BROADWAY NATIONAL BANK
1177 NE LOOP 410
SAN ANTONIO, TX 78209

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

9/8/2004

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the borrowed money would help generate 6 new jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Fantastic Sams

Obtaining Funding - How to Decide How Much to Raise

SBA Banks in San Antonio, Texas

Getting an SBA Loan in Texas