Borrow Money to Buy a Fantastic Sam's Franchise

Need money to invest in a Fantastic Sam's franchise? Union Bank has a history of making these loans and they are guaranteed by the SBA.

Fantastic Sam's franchise loans are available to Lee's Summit, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Union Bank, based in Kansas City, 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 & WANDA D JENSE
LEE'S SUMMIT, MO 64086

SBA Loan Lender

UNION BANK
9300 BLUE RIDGE BLVD
KANSAS CITY, MO 64138

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

10/29/2002

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 Fantastic Sam's franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 Union Bank 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:

Fantastic Sams

The Friends and Family Network

SBA 7A Banks in Kansas City, Missouri

Find an SBA Lender in Missouri