Clarksville, TN Entrepreneur Gets SBA Loan to Buy Zaxby's Franchise

Borrowing money to buy a Zaxby's franchise? First Charter Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Zaxby's franchise? If so, here's a 2005 SBA franchise loan that you should know about. First Charter Bank was the lender and the entrepreneur was based in Clarksville, Tennessee.

SBA Loan Borrower

ZAXBY'S
CLARKSVILLE, TN 37040

SBA Loan Lender

FIRST CHARTER BANK
165 NASH ST
LAWRENCEVILLE, GA 30045

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

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

3/15/2005

Loan Approval Gross Amount

$1,282,500

Loan Approval from the SBA

Of the total $1,282,500 loan amount, the SBA guaranteed $961,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Zaxby's franchise. At the time of the loan, the company had 16 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Zaxby's

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Small Bank Loans in Lawrenceville, Georgia

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