New Century Bank Provides SBA Loan to Buy Andy's Cheesesteaks & Cheeseburgers Franchise

Need money to buy an Andy's Cheesesteaks & Cheeseburgers franchise? New Century Bank has a history of making these loans and they are guaranteed by the SBA.

Andy's Cheesesteaks & Cheeseburgers franchise loans are available to Cary, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, New Century Bank, based in Dunn, North Carolina, issued an SBA franchise loan for an Andy's Cheesesteaks & Cheeseburgers franchise in 2006. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

ANDY'S CHEESESTEAKS AND CHEESE
CARY, NC 27513

SBA Loan Lender

NEW CENTURY BANK
700 W CUMBERLAND ST
DUNN, NC 28334

This lender provides SBA small business 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

9/27/2006

Loan Approval Gross Amount

$208,600

Loan Approval from the SBA

Of the total $208,600 loan amount, the SBA guaranteed $156,450.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Andy's Cheesesteaks & Cheeseburgers franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

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 $208,600 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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