First Bank Of Tennessee Provides SBA Loan to Buy Central Park Hamburgers Franchise

Need money to buy a Central Park Hamburgers franchise? First Bank Of Tennessee has a history of making these loans and they are guaranteed by the SBA.

If you live near Dayton, Tennessee and are interested in buying a Central Park Hamburgers franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by First Bank Of Tennessee. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CENTRAL PARK
DAYTON, TN 37321

SBA Loan Lender

FIRST BANK OF TENNESSEE
420 THIRD AVE
DAYTON, TN 37321

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/14/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Central Park Hamburgers franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First Bank Of Tennessee so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

The Friends and Family Network

Banks in Dayton, Tennessee

Tennessee SBA 7A Lenders