Branch Bank & Trust Provides SBA Loan to Buy Pet Supplies Plus System Franchise
Borrowing money to invest in a Pet Supplies Plus System franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Pet Supplies Plus System franchise? If so, here's a 2004 SBA franchise loan that you should know about. Branch Bank & Trust was the lender and the entrepreneur was based in Greensboro, North Carolina.
SBA Loan Borrower
PET SUPPLIES PLUS
GREENSBORO, NC 27403
SBA Loan Lender
BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453998 - Store Retailers
Loan Approval Date
4/7/2004
Loan Approval Gross Amount
$515,000
Loan Approval from the SBA
Of the total $515,000 loan amount, the SBA guaranteed $386,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Pet Supplies Plus System franchise. At the time of the loan, the company
had 15 employees. This SBA loan request indicated that the loan would help retain 15 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Branch Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
SBIR Funding
SBA Participating Banks in Winston Salem, North Carolina
North Carolina SBA Bank Lenders