Bel Air, MD Entrepreneur Gets SBA Loan to Buy Greene Turtle Franchise

Borrowing money to buy a Greene Turtle franchise? K Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Bel Air, Maryland needed money to invest in a Greene Turtle franchise back in 2007. K Bank issued an SBA franchise loan. Here are the details on this Maryland small business loan.

SBA Loan Borrower

THE GREEN TURTLE
BEL AIR, MD 21014

SBA Loan Lender

K BANK
11407 CRONHILL DR, STE N
OWINGS MILLS, MD 21117

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/18/2007

Loan Approval Gross Amount

$836,000

Loan Approval from the SBA

Of the total $836,000 loan amount, the SBA guaranteed $627,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Greene Turtle franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $836,000. How would you spend $836,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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