Bristol, TN Entrepreneur Gets SBA Loan to Buy Bojangles restaurant Franchise

Borrowing money to buy a Bojangles restaurant franchise? Communityone Bank has a history of making these loans and they are guaranteed by the SBA.

Bojangles restaurant franchise loans are available to Bristol, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Communityone Bank, based in Hickory, North Carolina, issued an SBA franchise loan for a Bojangles restaurant franchise in 2000. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

BOJANGLES'
BRISTOL, TN 37620

SBA Loan Lender

COMMUNITYONE BANK
1039 2ND ST NE
HICKORY, NC 28601

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/15/2000

Loan Approval Gross Amount

$425,000

Loan Approval from the SBA

Of the total $425,000 loan amount, the SBA guaranteed $318,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bojangles restaurant franchise. At the time of the loan, the company had 72 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

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.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Bojangles' Restaurants, Inc.

Obtaining Funding - Friends and Family

Best Hickory, North Carolina Banks for Small Business

Where to Get an SBA Loan North Carolina