South Carolina Entrepreneur Secures Financing to Buy Atlanta Bread Company Franchise

Borrowing money to invest in an Atlanta Bread Company franchise? Crescent Bank 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 Atlanta Bread Company franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Crescent Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

GORDON HOLDINGS, INC.
MYRTLE BEACH, SC 29572

SBA Loan Lender

CRESCENT BANK
991 38TH AVE NORTH
MYRTLE BEACH, SC 29577

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/5/2004

Loan Approval Gross Amount

$1,300,000

Loan Approval from the SBA

Of the total $1,300,000 loan amount, the SBA guaranteed $975,000.

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 75 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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:

Atlanta Bread Company

Family and Friend Investors - Your First Financiers

SBA 7A Lenders in Myrtle Beach, South Carolina

Where to Get an SBA Loan South Carolina