Sparks, NV Entrepreneur Gets SBA Loan to Buy Gandolfo's New York Delicatessen Franchise

Borrowing money to buy a Gandolfo's New York Delicatessen franchise? Nevada Security 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 Sparks, Nevada entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Nevada Security Bank, based in Reno, Nevada, issued an SBA franchise loan for a Gandolfo's New York Delicatessen franchise in 2005. We've got all the details on this Nevada small business loan.

SBA Loan Borrower

GANDOLFO'S NEW YORK DELI
SPARKS, NV 89434

SBA Loan Lender

NEVADA SECURITY BANK
3490 S VIRGINIA ST
RENO, NV 89502

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

3/4/2005

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 12 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

Banks in Reno, Nevada

SBA Participating Banks in Nevada