First-Citizens Bank & Trust Provides SBA Loan to Buy Huddle House Franchise

Need a loan to invest in a Huddle House franchise? First-Citizens Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Huddle House franchise? If so, here's a 2000 SBA franchise loan that you should know about. First-Citizens Bank & Trust was the lender and the entrepreneur was based in Hope Mills, North Carolina.

SBA Loan Borrower

SIWAN AND SONS INC
HOPE MILLS, NC 28348

SBA Loan Lender

FIRST-CITIZENS BANK & TRUST
4300 SIX FORKS RD
RALEIGH, NC 27609

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

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

SIC Code

5812 - Eating Places

Loan Approval Date

4/10/2000

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $55,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huddle House franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the funding would help generate 25 new jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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Huddle House, Inc.

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