Georgia Entrepreneur Secures Financing to Buy Irish Bred Pub Franchise

Borrowing money to buy an Irish Bred Pub franchise? The Buckhead Community Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Douglasville, Georgia and are interested in buying an Irish Bred Pub franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by The Buckhead Community Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

IRISH BRED PUB
DOUGLASVILLE, GA 30134

SBA Loan Lender

THE BUCKHEAD COMMUNITY BANK
415 E PACES FERRY RD
ATLANTA, GA 30305

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/13/2007

Loan Approval Gross Amount

$373,900

Loan Approval from the SBA

Of the total $373,900 loan amount, the SBA guaranteed $280,425.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Irish Bred Pub franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 28 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Buckhead Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Buckhead Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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