Borrow Money to Buy a Firkin Pubs Franchise

Borrowing money to buy a Firkin Pubs franchise? Guaranty Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Firkin Pubs franchise? If so, here's a 2006 SBA franchise loan that you should know about. Guaranty Bank was the lender and the entrepreneur was based in Modesto, California.

SBA Loan Borrower

FIRKIN PUB
3305 HIDDENBROOK CRT
MODESTO, CA 95355

SBA Loan Lender

GUARANTY BANK
1300 S MOPAC EXPWY
AUSTIN, TX 78746

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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/28/2006

Loan Approval Gross Amount

$515,000

Loan Approval from the SBA

Of the total $515,000 loan amount, the SBA guaranteed $386,250.

More Information on This SBA Loan

The borrower, Firkin Pub, borrowed this money for a new business. This loan was used to buy a Firkin Pubs franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 15 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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