Saratoga Springs, UT Entrepreneur Gets SBA Loan to Buy Gandolfo's New York Delicatessen Franchise

Need a loan to purchase a Gandolfo's New York Delicatessen franchise? Central Bank has a history of making these loans and they are guaranteed by the SBA.

Gandolfo's New York Delicatessen franchise loans are available to Saratoga Springs, Utah entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Central Bank, based in Provo, Utah, issued an SBA franchise loan for a Gandolfo's New York Delicatessen franchise in 2004. We've got all the details on this Utah small business loan.

SBA Loan Borrower

GANDOLFO'S NEW YORK DELICATESS
SARATOGA SPRINGS, UT 84043

SBA Loan Lender

CENTRAL BANK
75 N UNIVERSITY AVE
PROVO, UT 84601

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/27/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Gandolfo's New York Delicatessen franchise. At the time of the loan, the company had 14 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Central Bank and they will explain how you can get an SBA loan for your company.

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:

Gandolfo's New York Delicatessen

Business Line of Credit

SBA Approved Banks in Provo, Utah

Utah SBA 7A Lenders