Afb&t Provides SBA Loan to Buy Zaxby's Franchise

Borrowing money to purchase a Zaxby's franchise? Afb&t has a history of making these loans and they are guaranteed by the SBA.

Zaxby's franchise loans are available to Athens, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Afb&t, based in Athens, Georgia, issued an SBA franchise loan for a Zaxby's franchise in 2002. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

ZAXBY'S
ATHENS, GA 30606

SBA Loan Lender

AFB&T
124 E HANCOCK
ATHENS, GA 30601

This lender provides SBA bank 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

1/23/2002

Loan Approval Gross Amount

$285,000

Loan Approval from the SBA

Of the total $285,000 loan amount, the SBA guaranteed $213,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Zaxby's franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 28 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Afb&t and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Zaxby's

Advice on Getting a Small Business Loan

Banks in Athens, Georgia

Getting an SBA Loan in Georgia