Loan to Buy Fleet Feet Franchise Issued By Bank Of Granite

Need money to buy a Fleet Feet franchise? Bank Of Granite has a history of making these loans and they are guaranteed by the SBA.

Fleet Feet franchise loans are available to Hickory, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of Granite, based in Granite Falls, North Carolina, issued an SBA franchise loan for a Fleet Feet franchise in 2004. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

FLEET FEET HICKORY
HICKORY, NC 28601

SBA Loan Lender

BANK OF GRANITE
23 N MAIN ST
GRANITE FALLS, NC 28630

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

10/12/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fleet Feet franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the borrowed money would help create 7 new jobs.

Next Steps for Getting an SBA Loan

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of Granite 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:

Fleet Feet Sports

Financing Your Business

Good Banks for Small Business in Granite Falls, North Carolina

SBA Participating Banks in North Carolina