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

Borrowing money to invest in a Bruster's franchise? Afb&t has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Bruster's franchise is doable. In 2006, Afb&t issued an SBA franchise loan to an entrepreneur in Monroe, Georgia. Because Bruster's was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

BRUSTER'S OLD FASHIONED ICE CR
MONROE, GA 30656

SBA Loan Lender

AFB&T
154 W HANCOCK
ATHENS, GA 30601

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

11/1/2006

Loan Approval Gross Amount

$821,000

Loan Approval from the SBA

Of the total $821,000 loan amount, the SBA guaranteed $615,750.

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 20 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Afb&t had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Afb&t made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Bruster's Real Ice Cream

Bank Credit Lines

Small Business Banks in Athens, Georgia

Getting an SBA Loan in Georgia