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November 15, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Atlanta, Business Loans > Regions Bank Atlanta Business Loans > Bruster's Ice Cream Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Anderson, SC Entrepreneur Gets SBA Loan to Buy Bruster's FranchiseNeed money to purchase a Bruster's franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Anderson, South Carolina and are interested in buying a Bruster's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Regions Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower BRUSTER'S ICE CREAM SBA Loan Lender REGIONS 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 722211 - Limited-Service Restaurants Loan Approval Date 4/10/2003 Loan Approval Gross Amount $510,000 Loan Approval from the SBA Of the total $510,000 loan amount, the SBA guaranteed $382,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Bruster's franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Regions Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Regions 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: Borrowing Money from Friends and Family Best Atlanta, Georgia Banks for Small Business
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