Loan to Buy Blimpie Franchise Issued By Business Devel Corp - So. Caro

Need money to buy a Blimpie franchise? Business Devel Corp - So. Caro has a history of making these loans and they are guaranteed by the SBA.

Blimpie franchise loans are available to Columbia, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Devel Corp - So. Caro, based in Columbia, South Carolina, issued an SBA franchise loan for a Blimpie franchise in 2005. We've got all the details on this South Carolina small business loan.

SBA Loan Borrower

BLIMPIE SUBS AND SALADS
COLUMBIA, SC 29206

SBA Loan Lender

BUSINESS DEVEL CORP - SO. CARO
111 EXEC CENTER DR, STE 225
COLUMBIA, SC 29221

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/6/2005

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had only one employee. The loan application indicated that the funding would help create 7 new jobs.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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

How Equity Dilution Works

Small Bank Loans in Columbia, South Carolina

Where to Get an SBA Loan South Carolina