Loan to Buy Huddle House Franchise Issued By Crescent Bank & Trust

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

An entrepreneur in Marble Hill, Georgia needed money to invest in a Huddle House franchise back in 2005. Crescent Bank & Trust issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

HUDDLE HOUSE
MARBLE HILL, GA 30148

SBA Loan Lender

CRESCENT BANK & TRUST
7 CARING WAY
JASPER, GA 30143

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/25/2005

Loan Approval Gross Amount

$720,000

Loan Approval from the SBA

Of the total $720,000 loan amount, the SBA guaranteed $540,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huddle House franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 16 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Marble Hill or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Huddle House, Inc.

A Company That Helps Entrepreneurs

Good Banks for Small Business in Jasper, Georgia

SBA Participating Banks in Georgia