Loan Census Banking News and Information
November 15, 2024  
 
 
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Murrells Inlet, South Carolina Bank Loan

 

 
Loan Census SBA Loan Info

Beach First National Bank Provides SBA Loan to Buy Atlanta Bread Company Franchise

Need a loan to purchase an Atlanta Bread Company franchise? Beach First National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Murrells Inlet, South Carolina needed money to invest in an Atlanta Bread Company franchise back in 2005. Beach First National Bank issued an SBA franchise loan. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

ATLANTA BREAD COMPANY
MURRELLS INLET, SC 29576

SBA Loan Lender

BEACH FIRST NATIONAL BANK
3751 ROBERT M GRISSOM PKWY, S
MYRTLE BEACH, SC 29577

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/10/2005

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Atlanta Bread Company franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 Beach First National Bank 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:

Atlanta Bread Company

Borrowing Money from Friends and Family

Small Bank Loans in Myrtle Beach, South Carolina

SBA Participating Banks in South Carolina