Four Oaks Bank & Trust Company Provides SBA Loan to Buy Wild Birds Unlimited Franchise

Need money to purchase a Wild Birds Unlimited franchise? Four Oaks Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Wild Birds Unlimited franchise? If so, here's a 2004 SBA franchise loan that you should know about. Four Oaks Bank & Trust Company was the lender and the entrepreneur was based in Clayton, North Carolina.

SBA Loan Borrower

WILD BIRD UNLIMITED
CLAYTON, NC 27520

SBA Loan Lender

FOUR OAKS BANK & TRUST COMPANY
102 E MAIN ST
CLAYTON, NC 27520

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422490 - Grocery and Related Products Wholesalers

Loan Approval Date

3/31/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wild Birds Unlimited franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

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

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

While you may be able to find business people willing to loan money, 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:

Wild Birds Unlimited, Inc.

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Best Banks in Clayton, North Carolina

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