Mount Pleasant, SC Entrepreneur Gets SBA Loan to Buy Nypd Restaurant Franchise

Borrowing money to invest in a Nypd Restaurant franchise? First National Bank - So. D/b/a 1st has a history of making these loans and they are guaranteed by the SBA.

Nypd Restaurant franchise loans are available to Mount Pleasant, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank - So. D/b/a 1st, based in Spartanburg, South Carolina, issued an SBA franchise loan for a Nypd Restaurant franchise in 2007. We've got all the details on this South Carolina small business loan.

SBA Loan Borrower

NYPD PIZZA & DELICATESSEN
MOUNT PLEASANT, SC 29466

SBA Loan Lender

FIRST NATIONAL BANK - SO. D/B/A 1ST
215 N PINE ST
SPARTANBURG, SC 29302

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

722110 - Full-Service Restaurants

Loan Approval Date

9/5/2007

Loan Approval Gross Amount

$459,700

Loan Approval from the SBA

Of the total $459,700 loan amount, the SBA guaranteed $344,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Nypd Restaurant franchise. At the time of the loan, the company had 33 employees. This SBA loan request indicated that the loan would help generate 33 new jobs and retain 68 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Mount Pleasant SC, you ought to talk with a local Mount Pleasant SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mount Pleasant businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Bank - So. D/b/a 1st and they will explain how you can get an SBA loan for your company.

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:

NYPD Pizza

Investor Turnoffs

Where to Get an SBA Loan in Spartanburg, South Carolina

SBA South Carolina Banks