The Privatebank Provides SBA Loan to Buy Buffalo's cafe Franchise

Need a loan to purchase a Buffalo's cafe franchise? The Privatebank has a history of making these loans and they are guaranteed by the SBA.

Buffalo's cafe franchise loans are available to Hiram, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Privatebank, based in Atlanta, Georgia, issued an SBA franchise loan for a Buffalo's cafe franchise in 2003. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

BUFFALO'S SOUTHWESTERN CAFE-HI
HIRAM, GA 30141

SBA Loan Lender

THE PRIVATEBANK
3423 PIEDMONT RD NE
ATLANTA, GA 30305

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

722110 - Full-Service Restaurants

Loan Approval Date

11/14/2003

Loan Approval Gross Amount

$554,167

Loan Approval from the SBA

Of the total $554,167 loan amount, the SBA guaranteed $415,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Buffalo's cafe franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 98 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Privatebank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Buffalo's Cafe

Bank Credit Lines

Small Business Banks in Atlanta, Georgia

Georgia SBA 7A Lenders