Conyers, GA Entrepreneur Gets SBA Loan to Buy Computer Renaissance Franchise

Need money to buy a Computer Renaissance franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Conyers, Georgia and are interested in buying a Computer Renaissance franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Branch Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

COMPUTER RENAISSANCE (KINDER T
CONYERS, GA 30013

SBA Loan Lender

BRANCH BANK & TRUST
1887 HWY 20 SE
CONYERS, GA 30013

This was a Low Documentation SBA loan. The SBA started this program to minimize 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

443120 - Computer and Software Stores

Loan Approval Date

6/17/2004

Loan Approval Gross Amount

$70,400

Loan Approval from the SBA

Of the total $70,400 loan amount, the SBA guaranteed $59,840.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Computer Renaissance franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

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