Columbus, GA Entrepreneur Gets SBA Loan to Buy Zaxby's Franchise

Borrowing money to invest in a Zaxby's franchise? Comm. Bank & Trust - Troup Cnty 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 2003 SBA franchise loan that you should know about. Comm. Bank & Trust - Troup Cnty was the lender and the entrepreneur was based in Columbus, Georgia.

SBA Loan Borrower

ZAXBY'S
COLUMBUS, GA 31904

SBA Loan Lender

COMM. BANK & TRUST - TROUP CNTY
200 N GREENWOOD ST
LA GRANGE, GA 30241

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/6/2003

Loan Approval Gross Amount

$578,500

Loan Approval from the SBA

Of the total $578,500 loan amount, the SBA guaranteed $433,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Zaxby's franchise. At the time of the loan, the company had 30 employees. The SBA loan documents indicated that the loan would help generate 30 new jobs and retain 30 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $578,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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