Decatur, GA Entrepreneur Gets SBA Loan to Buy Athlete's Foot Franchise

Need money to purchase an Athlete's Foot franchise? Citizens Trust Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Athlete's Foot franchise requires some effort but others before you have been successful. In 2000, Citizens Trust Bank issued an SBA franchise loan to an entrepreneur in Decatur, Georgia. Because Athlete's Foot was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

THE WALKER-STATEN SPORTS COMPA
DECATUR, GA 30033

SBA Loan Lender

CITIZENS TRUST BANK
75 PIEDMONT AVE NE
ATLANTA, GA 30303

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5661 - Shoe Stores

NAICS Code

448210 - Shoe Stores

Loan Approval Date

8/23/2000

Loan Approval Gross Amount

$139,000

Loan Approval from the SBA

Of the total $139,000 loan amount, the SBA guaranteed $104,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Athlete's Foot franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

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

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Citizens Trust Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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