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November 21, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Back Yard Burgers Loan | ||||
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Charlotte, North Carolina Bank Loan
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Ge Cap. Small Business Finan Corp Provides SBA Loan to Buy Back Yard Burgers FranchiseBorrowing money to invest in a Back Yard Burgers franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Charlotte, North Carolina needed money to invest in a Back Yard Burgers franchise back in 2000. Ge Cap. Small Business Finan Corp issued an SBA franchise loan. Here are the details on this North Carolina small business loan. SBA Loan Borrower BACK YARD BURGERS SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP 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. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/21/2000 Loan Approval Gross Amount $553,000 Loan Approval from the SBA Of the total $553,000 loan amount, the SBA guaranteed $414,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Back Yard Burgers franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower indicated that the loan would help retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $553,000. How would you spend $553,000 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. Related Links:
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