Lawrenceville, GA Entrepreneur Gets SBA Loan to Buy Five Guys Famous Burgers And Fries Franchise

Need money to purchase a Five Guys Famous Burgers And Fries franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Five Guys Famous Burgers And Fries franchise loans are available to Lawrenceville, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Five Guys Famous Burgers And Fries franchise in 2006. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

TITUS DEVELOPMENT GROUP,LLC;TD
LAWRENCEVILLE, GA 30044

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This lender provides SBA 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

722211 - Limited-Service Restaurants

Loan Approval Date

8/18/2006

Loan Approval Gross Amount

$491,000

Loan Approval from the SBA

Of the total $491,000 loan amount, the SBA guaranteed $368,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Five Guys Famous Burgers And Fries franchise. At the time of the loan, the company had 20 employees. The loan application indicated that the loan would help generate 18 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $491,000 loan. Remember, anyone can do it... so why not you?

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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