Loan to Buy Captain D's Seafood Restaurants Franchise Issued By Textron Business Credit, Inc.

Borrowing money to invest in a Captain D's Seafood Restaurants franchise? Textron Business Credit, Inc. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Durham, North Carolina needed money to invest in a Captain D's Seafood Restaurants franchise back in 2001. Textron Business Credit, Inc. issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

CAPTAIN D'S SEAFOOD
DURHAM, NC 27703

SBA Loan Lender

TEXTRON BUSINESS CREDIT, INC.
40 WESTMINISTER ST
PROVIDENCE, RI 02903

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

5/22/2001

Loan Approval Gross Amount

$1,560,000

Loan Approval from the SBA

Of the total $1,560,000 loan amount, the SBA guaranteed $999,991.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Captain D's Seafood Restaurants franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 21 new jobs and retain 21 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Captain D's

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SBA Approved Banks in Providence, Rhode Island

Where to Get an SBA Loan Rhode Island