Loan Census Banking News and Information
December 19, 2024  
 
 
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Small Business Banks for Loganville, Georgia Businesses

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Bojangles restaurant Franchise

Need a loan to buy a Bojangles restaurant franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Bojangles restaurant franchise loans are available to Loganville, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Branch Bank & Trust, based in Covington, Georgia, issued an SBA franchise loan for a Bojangles restaurant franchise in 2004. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

BOJANGLES
LOGANVILLE, GA 30052

SBA Loan Lender

BRANCH BANK & TRUST
1134 CLARK ST
COVINGTON, GA 30326

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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/4/2004

Loan Approval Gross Amount

$1,451,000

Loan Approval from the SBA

Of the total $1,451,000 loan amount, the SBA guaranteed $990,989.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bojangles restaurant franchise. At the time of the loan, the company had 35 employees. The loan application indicated that the loan would help generate 35 new jobs and retain 35 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $1,451,000. How would you spend $1,451,000 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.

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Best Banks for Small Business in Covington, Georgia

Find an SBA Lender in Georgia