Flowery Branch, GA Entrepreneur Gets SBA Loan to Buy Blimpie Franchise

Borrowing money to invest in a Blimpie franchise? Business Devel Corp - Georgia I has a history of making these loans and they are guaranteed by the SBA.

If you live near Flowery Branch, Georgia and are interested in buying a Blimpie franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Business Devel Corp - Georgia I. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BLIMPIE'S OF FLOWERY BRANCH
FLOWERY BRANCH, GA 30542

SBA Loan Lender

BUSINESS DEVEL CORP - GEORGIA I
1450 S JOHNSON FERRY ROAD, SU
ATLANTA, GA 30319

This lender provides SBA guaranteed business loans 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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/18/2002

Loan Approval Gross Amount

$128,500

Loan Approval from the SBA

Of the total $128,500 loan amount, the SBA guaranteed $109,225.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the borrowed money would help create 5 new 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.

While you may be able to find other ways to get money to start a business, 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.

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