First Cit. Bank & Trust Inc Provides SBA Loan to Buy Blimpie Franchise

Borrowing money to buy a Blimpie franchise? First Cit. Bank & Trust Inc has a history of making these loans and they are guaranteed by the SBA.

If you live near Greenville, South Carolina and are interested in buying a Blimpie franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by First Cit. Bank & Trust Inc. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BLIMPIE/DONUT CONNECTION
GREENVILLE, SC 29607

SBA Loan Lender

FIRST CIT. BANK & TRUST INC
1314 PARK ST
COLUMBIA, SC 29201

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/20/2003

Loan Approval Gross Amount

$91,176

Loan Approval from the SBA

Of the total $91,176 loan amount, the SBA guaranteed $77,499.

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 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

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

If you have been wondering how do i get money to start a business in Greenville SC, you ought to talk with a local Greenville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Greenville businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Cit. Bank & Trust Inc 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:

Blimpie Subs & Salads

Angel Investors

Small Business Banks in Columbia, South Carolina

South Carolina SBA 7A Lenders