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