Hickory, NC Entrepreneur Gets SBA Loan to Buy Atlanta Bread Company Franchise

Borrowing money to invest in an Atlanta Bread Company franchise? Bank Of Granite has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Atlanta Bread Company franchise? If so, here's a 2002 SBA franchise loan that you should know about. Bank Of Granite was the lender and the entrepreneur was based in Hickory, North Carolina.

SBA Loan Borrower

HICKORY BREAD, LLC
HICKORY, NC 28601

SBA Loan Lender

BANK OF GRANITE
25 3RD ST NW
HICKORY, NC 28601

When this loan was made, the lender was part of the SBA's Certified Lenders Program (CLP). This program is designed to give rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/25/2002

Loan Approval Gross Amount

$460,800

Loan Approval from the SBA

Of the total $460,800 loan amount, the SBA guaranteed $345,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Atlanta Bread Company franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of Granite so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Atlanta Bread Company

Advice on Getting a Small Business Loan

SBA 7A Banks for Hickory, North Carolina Loans

SBA Participating Banks in North Carolina