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May 2, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Provo, Business Loans > Amer Bank - Comm. D/b/a Ambank Provo Business Loans > Gandolfo's Restaurant Loan | ||||
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Orem, Utah Bank Loan
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Amer Bank - Comm. D/b/a Ambank Provides SBA Loan to Buy Gandolfo's New York Delicatessen FranchiseNeed money to purchase a Gandolfo's New York Delicatessen franchise? Amer Bank - Comm. D/b/a Ambank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Orem, Utah needed money to invest in a Gandolfo's New York Delicatessen franchise back in 2004. Amer Bank - Comm. D/b/a Ambank issued an SBA franchise loan. Here are the details on this Utah small business loan. SBA Loan Borrower GANDOLFO'S RESTAURANT SBA Loan Lender AMER BANK - COMM. D/B/A AMBANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires 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 722110 - Full-Service Restaurants Loan Approval Date 6/1/2004 Loan Approval Gross Amount $68,500 Loan Approval from the SBA Of the total $68,500 loan amount, the SBA guaranteed $58,225. 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 8 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Borrowing Money from Friends and Family
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