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November 21, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Duluth, Business Loans > Haven Trust Bank Duluth Business Loans > Pj's Coffee And Wine Bar Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Haven Trust Bank Provides SBA Loan to Buy Shane's Rib Shack FranchiseNeed money to buy a Shane's Rib Shack franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Shane's Rib Shack franchise requires some effort but others before you have been successful. In 2006, Haven Trust Bank issued an SBA franchise loan to an entrepreneur in Marietta, Georgia. Because Shane's Rib Shack was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis. SBA Loan Borrower PJ'S COFFEE AND WINE BAR SBA Loan Lender HAVEN TRUST BANK 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 3/8/2006 Loan Approval Gross Amount $352,200 Loan Approval from the SBA Of the total $352,200 loan amount, the SBA guaranteed $264,150. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Shane's Rib Shack franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the funding would help generate 13 new jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Marietta GA, you ought to talk with a local Marietta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marietta businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Haven Trust Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Good Banks for Small Business in Duluth, Georgia
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