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April 23, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Salt Lake City, Business Loans > Merrill Lynch Bank Usa Salt Lake City Business Loans > Long John Silvers Loan | ||||
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San Antonio, Texas Bank for SBA Loans
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Loan to Buy Long John Silver's Franchise Issued By Merrill Lynch Bank UsaNeed a loan to invest in a Long John Silver's franchise? Merrill Lynch Bank Usa has a history of making these loans and they are guaranteed by the SBA. If you live near San Antonio, Texas and are interested in buying a Long John Silver's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Merrill Lynch Bank Usa. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower LONG JOHN SILVERS SBA Loan Lender MERRILL LYNCH BANK USA This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/13/2001 Loan Approval Gross Amount $1,077,800 Loan Approval from the SBA Of the total $1,077,800 loan amount, the SBA guaranteed $808,350. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Long John Silver's franchise. At the time of the loan, the company had 53 employees. The SBA loan application for the borrower indicated that the loan would help retain 53 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,077,800 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Long John Silver's Restaurants, Inc. Who Lends Money to Small Businesses in Salt Lake City, Utah
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