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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Woodstock, Business Loans > Security Bank Of North Metro Woodstock Business Loans > Mama Fu's Asian House Loan | ||||
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Security Bank Of North Metro Franchise Loans
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Watkinsville, GA Entrepreneur Gets SBA Loan to Buy Mama Fu's Noodie House FranchiseBorrowing money to buy a Mama Fu's Noodie House franchise? Security Bank Of North Metro has a history of making these loans and they are guaranteed by the SBA. Mama Fu's Noodie House franchise loans are available to Watkinsville, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Security Bank Of North Metro, based in Woodstock, Georgia, issued an SBA franchise loan for a Mama Fu's Noodie House franchise in 2005. We've got all the details on this Georgia small business loan. SBA Loan Borrower MAMA FU'S ASIAN HOUSE SBA Loan Lender SECURITY BANK OF NORTH METRO The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/4/2005 Loan Approval Gross Amount $389,000 Loan Approval from the SBA Of the total $389,000 loan amount, the SBA guaranteed $291,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mama Fu's Noodie House franchise. At the time of the loan, the company had 30 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 Many small businesses receive loans backed by the U.S. Small Business Administration. 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 Security Bank Of North Metro 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: Where to Get an SBA Loan in Woodstock, Georgia
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