Kennessaw, GA Entrepreneur Gets SBA Loan to Buy Bruster's Franchise

Borrowing money to purchase a Bruster's franchise? Columbus Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Bruster's franchise may simply require a phone call to a local SBA banker. In 2000, Columbus Bank & Trust issued an SBA franchise loan to an entrepreneur in Kennessaw, Georgia. Because Bruster's was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

BRUSTER'S OLD FASHIONED ICE CR
KENNESSAW, GA 30144

SBA Loan Lender

COLUMBUS BANK & TRUST
1148 BROADWAY
COLUMBUS, GA 31901

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

4/7/2000

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bruster's franchise. At the time of the loan, the company had 15 employees. This SBA loan request indicated that the loan would help generate 15 new jobs.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $600,000. How would you spend $600,000 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:

Bruster's Real Ice Cream

Raising Venture Capital

Good Banks for Small Business in Columbus, Georgia

Getting an SBA Loan in Georgia