Loan to Buy Bruster's Franchise Issued By Sunrise Bank Of Atlanta
Need a loan to invest in a Bruster's franchise? Sunrise Bank Of Atlanta has a history of making these loans and they are guaranteed by the SBA.
If you live near Decatur, Georgia and are interested in buying a Bruster's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Sunrise Bank Of Atlanta. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
BRUSTER'S OLD FASHIONED ICE CR
DECATUR, GA 30034
SBA Loan Lender
SUNRISE BANK OF ATLANTA
600 W PEACHTREE ST NW, STE 30
ATLANTA, GA 30308
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
9/13/2002
Loan Approval Gross Amount
$366,200
Loan Approval from the SBA
Of the total $366,200 loan amount, the SBA guaranteed $274,650.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Bruster's franchise. At the time of the loan, the company
had 25 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Sunrise Bank Of Atlanta 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.
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