Auburn, AL Entrepreneur Gets SBA Loan to Buy Player's Connection Franchise

Need money to invest in a Player's Connection franchise? Community Bank & Trust-West Geor has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Auburn, Alabama needed money to invest in a Player's Connection franchise back in 2005. Community Bank & Trust-West Geor issued an SBA franchise loan. Here are the details on this Alabama small business loan.

SBA Loan Borrower

PLAYER'S CONNECTION (THE)
AUBURN, AL 36830

SBA Loan Lender

COMMUNITY BANK & TRUST-WEST GEOR
6770 VETERANS PKWY
COLUMBUS, GA 31909

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

3/31/2005

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Player's Connection franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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