Loan to Buy Arby's Franchise Issued By Business Devel Corp - So. Caro

Borrowing money to invest in an Arby's franchise? Business Devel Corp - So. Caro has a history of making these loans and they are guaranteed by the SBA.

If you live near Myrtle Beach, South Carolina and are interested in buying an Arby's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Business Devel Corp - So. Caro. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ARBY'S AND RD INVESTMENTS OF C
MYRTLE BEACH, SC 29577

SBA Loan Lender

BUSINESS DEVEL CORP - SO. CARO
111 EXEC CENTER DR, STE 225
COLUMBIA, SC 29221

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

722211 - Limited-Service Restaurants

Loan Approval Date

1/27/2005

Loan Approval Gross Amount

$445,000

Loan Approval from the SBA

Of the total $445,000 loan amount, the SBA guaranteed $333,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Arby's franchise. At the time of the loan, the company had 101 employees. The SBA loan documents indicated that the funding would help create 19 new jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Myrtle Beach SC, you ought to talk with a local Myrtle Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Myrtle Beach businesses.

We can help you find the best banks for small businesses in Myrtle Beach 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:

Arby's, LLC

The Friends and Family Network

Best Banks for Small Business in Columbia, South Carolina

Getting an SBA Loan in South Carolina