The Fauquier Bank Provides SBA Loan to Buy Athlete's Foot Franchise

Borrowing money to invest in an Athlete's Foot franchise? The Fauquier Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Warrenton, Virginia needed money to invest in an Athlete's Foot franchise back in 2002. The Fauquier Bank issued an SBA franchise loan. Here are the details on this Virginia small business loan.

SBA Loan Borrower

HUNT COUNTRY ATHLETE'S FOOT
WARRENTON, VA 20186

SBA Loan Lender

THE FAUQUIER BANK
10 COURTHOUSE SQ
WARRENTON, VA 20186

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5661 - Shoe Stores

NAICS Code

448210 - Shoe Stores

Loan Approval Date

6/11/2002

Loan Approval Gross Amount

$237,500

Loan Approval from the SBA

Of the total $237,500 loan amount, the SBA guaranteed $178,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Athlete's Foot franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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.

This SBA loan was for $237,500. How would you spend $237,500 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.

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