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

Need money to buy a Bruster's franchise? Colonial Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Marietta, Georgia needed money to invest in a Bruster's franchise back in 2002. Colonial Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

BRUSTER'S
MARIETTA, GA 30068

SBA Loan Lender

COLONIAL BANK
4800 ASHFORD DUNWOODY RD
DUNWOODY, GA 30338

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

445292 - Confectionery and Nut Stores

Loan Approval Date

12/10/2002

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

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 only one employee. This SBA loan request indicated that the borrowed money would help generate 4 new jobs.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Colonial Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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