Borrow Money to Buy a Golden Corral restaurant Franchise

Borrowing money to invest in a Golden Corral restaurant franchise? The Bank Of Carbondale has a history of making these loans and they are guaranteed by the SBA.

Golden Corral restaurant franchise loans are available to Carbondale, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Bank Of Carbondale, based in Carbondale, Illinois, issued an SBA franchise loan for a Golden Corral restaurant franchise in 2001. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

GC OF CARBONDALE, LLC & CHARLI
CARBONDALE, IL 62901

SBA Loan Lender

THE BANK OF CARBONDALE
216 E MAIN ST
CARBONDALE, IL 62901

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

10/9/2001

Loan Approval Gross Amount

$175,422

Loan Approval from the SBA

Of the total $175,422 loan amount, the SBA guaranteed $131,567.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Golden Corral restaurant franchise. At the time of the loan, the company had 120 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $175,422 loan. Remember, where there is a will, there is a way!

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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Golden Corral Buffet & Grill

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SBA Approved Banks in Carbondale, Illinois

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