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November 14, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Goleta, Business Loans > Community W. Bank Goleta Business Loans > Auntie Anne's Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Alpharetta, GA Entrepreneur Gets SBA Loan to Buy Auntie Ann's soft Pretzels FranchiseNeed money to buy an Auntie Ann's soft Pretzels franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Alpharetta, Georgia needed money to invest in an Auntie Ann's soft Pretzels franchise back in 2005. Community W. Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower AUNTIE ANNE'S SBA Loan Lender COMMUNITY W. BANK This lender provides SBA small 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 445299 - Specialty Food Stores Loan Approval Date 12/8/2005 Loan Approval Gross Amount $670,000 Loan Approval from the SBA Of the total $670,000 loan amount, the SBA guaranteed $502,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Auntie Ann's soft Pretzels 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 18 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community W. Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community W. Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Where to Get an SBA Loan in Goleta, California SBA Participating Banks in California
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