Lithonia, GA Entrepreneur Gets SBA Loan to Buy Ranch 1 Group Franchise

Need money to buy a Ranch 1 Group franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA.

Ranch 1 Group franchise loans are available to Lithonia, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Haven Trust Bank, based in Duluth, Georgia, issued an SBA franchise loan for a Ranch 1 Group franchise in 2004. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

RANCH 1
LITHONIA, GA 30058

SBA Loan Lender

HAVEN TRUST BANK
6340 SUGARLOAF PKWY, STE 100
DULUTH, GA 30097

This lender provides SBA commercial 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

10/22/2004

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Ranch 1 Group franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help create 6 new jobs.

Getting an SBA Loan For Your Business

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Ranch*1

A Company That Helps Entrepreneurs

SBA Banks in Duluth, Georgia

Getting a Business Loan in Georgia