Borrow Money to Buy a Fantastic Sam's Franchise

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

Want to borrow money to buy a Fantastic Sam's franchise? If so, here's a 2000 SBA franchise loan that you should know about. Wachovia Bank was the lender and the entrepreneur was based in Summerville, South Carolina.

SBA Loan Borrower

FANTASTIC SAMS
SUMMERVILLE, SC 29485

SBA Loan Lender

WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/3/2000

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 46 employees. This SBA loan request indicated that the loan would help generate 46 new jobs and retain 46 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Summerville SC, you ought to talk with a local Summerville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Summerville businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Fantastic Sams

Borrowing Money from Friends and Family

Where to Get an SBA Loan in Winston Salem, North Carolina

SBA Participating Banks in North Carolina