Loan to Buy Zaxby's Franchise Issued By First Charter Bank

Borrowing money to invest in a Zaxby's franchise? First Charter 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 Zaxby's franchise back in 2003. First Charter Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

ZAXBY'S
MARIETTA, GA 30064

SBA Loan Lender

FIRST CHARTER BANK
165 NASH ST
LAWRENCEVILLE, GA 30045

At the time this loan was granted, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program is designed to offer quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/29/2003

Loan Approval Gross Amount

$1,328,400

Loan Approval from the SBA

Of the total $1,328,400 loan amount, the SBA guaranteed $948,292.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Zaxby's franchise. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First Charter 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.

Related Links:

Zaxby's

The Friends and Family Network

Find an SBA Lender in Lawrenceville, Georgia

Getting a Business Loan in Georgia