First Charter Bank Provides SBA Loan to Buy Zaxby's Franchise

Need a loan to buy a Zaxby's franchise? First Charter Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Atlanta, Georgia needed money to invest in a Zaxby's franchise back in 2004. First Charter Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

ZAXBY'S
ATLANTA, GA 30336

SBA Loan Lender

FIRST CHARTER BANK
165 NASH ST
LAWRENCEVILLE, GA 30045

This lender provides SBA guaranteed 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

722110 - Full-Service Restaurants

Loan Approval Date

8/10/2004

Loan Approval Gross Amount

$1,576,800

Loan Approval from the SBA

Of the total $1,576,800 loan amount, the SBA guaranteed $1,182,600.

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 only one employee. The loan application indicated that the loan would help generate 39 new jobs and retain 40 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Charter Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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

Direct Public Offerings

Best Banks for Small Business in Lawrenceville, Georgia

SBA Participating Banks in Georgia