Loan to Buy Famous Sams Franchise Issued By Sterling Savings Bank

Need a loan to invest in a Famous Sams franchise? Sterling Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Famous Sams franchise loans are available to Scottsdale, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sterling Savings Bank, based in Santa Rosa, California, issued an SBA franchise loan for a Famous Sams franchise in 2000. We've got all the details on this Arizona small business loan.

SBA Loan Borrower

FAMOUS SAM'S
SCOTTSDALE, AZ 85251

SBA Loan Lender

STERLING SAVINGS BANK
801 FOURTH ST
SANTA ROSA, CA 95404

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

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

6/26/2000

Loan Approval Gross Amount

$659,000

Loan Approval from the SBA

Of the total $659,000 loan amount, the SBA guaranteed $494,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Famous Sams franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 25 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Famous Sam's Inc.

Family and Friend Investors - Your First Financiers

SBA 7A Banks for Santa Rosa, California Loans

Find an SBA Lender in California