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December 22, 2024  
 
 
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Carrollton, Georgia Bank Loan

 

 
Loan Census SBA Loan Info

Georgia Entrepreneur Secures Financing to Buy Blimpie Franchise

Need a loan to invest in a Blimpie franchise? Rbc Centura Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Carrollton, Georgia needed money to invest in a Blimpie franchise back in 2000. Rbc Centura Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

BLIMPIE'S SUB & SALADS AND TCB
CARROLLTON, GA 30117

SBA Loan Lender

RBC CENTURA BANK
3475 PIEDMONT RD NE, STE 550
ATLANTA, GA 30305

This lender provides SBA bank 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

11/15/2000

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 18 existing jobs.

Great, But How Can I Get an SBA Loan for My 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Rbc Centura Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Rbc Centura Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Blimpie Subs & Salads

Determining Proper Capital Structure for a Business

Find an SBA Lender in Atlanta, Georgia

Georgia SBA 7A Banks