Loan to Buy Bojangles restaurant Franchise Issued By Bank Of America

Need money to invest in a Bojangles restaurant franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Bojangles restaurant franchise requires some effort but others before you have been successful. In 2004, Bank Of America issued an SBA franchise loan to an entrepreneur in Irmo, South Carolina. Because Bojangles restaurant was registered with the SBA's registry of franchises, this South Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

RMG FOODS, LLC
IRMO, SC 29063

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This loan for a small business 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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/4/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bojangles restaurant franchise. At the time of the loan, the company had 85 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

If you want money for new small business in Irmo SC, you ought to talk with a local Irmo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Irmo businesses.

This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Bojangles' Restaurants, Inc.

Debt Financing

SBA Participating Banks in Charlotte, North Carolina

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