Loan to Buy Fantastic Sam's Franchise Issued By Montgomery Bank

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

Fantastic Sam's franchise loans are available to St. Louis, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Montgomery Bank, based in Saint Louis, Missouri, issued an SBA franchise loan for a Fantastic Sam's franchise in 2002. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

FANTASTIC SAMS
ST. LOUIS, MO 63128

SBA Loan Lender

MONTGOMERY BANK
180 CRESTWOOD PLZ
SAINT LOUIS, MO 63126

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

11/27/2002

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $89,250.

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 15 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in St. Louis or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

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Getting a Business Loan in Missouri