Mount Airy, MD Entrepreneur Gets SBA Loan to Buy Greene Turtle Franchise

Borrowing money to purchase a Greene Turtle franchise? Eagle Bank has a history of making these loans and they are guaranteed by the SBA.

Greene Turtle franchise loans are available to Mount Airy, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Eagle Bank, based in Glenwood, Minnesota, issued an SBA franchise loan for a Greene Turtle franchise in 2006. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

RBI SPORTS BAR LLC
MOUNT AIRY, MD 21771

SBA Loan Lender

EAGLE BANK
2 S FRANKLIN ST
GLENWOOD, MN 56334

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/5/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Greene Turtle franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

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.

We can help you find the best banks for small businesses in Mount Airy 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:

Greene Turtle

Choosing VC Firms

Best Banks for Small Business in Glenwood, Minnesota

Getting an SBA Loan in Minnesota