North Charleston, SC Entrepreneur Gets SBA Loan to Buy Bruster's Franchise

Need a loan to invest in a Bruster's franchise? Ameris Bank has a history of making these loans and they are guaranteed by the SBA.

Bruster's franchise loans are available to North Charleston, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ameris Bank, based in Beaufort, South Carolina, issued an SBA franchise loan for a Bruster's franchise in 2004. We've got all the details on this South Carolina small business loan.

SBA Loan Borrower

BRUSTER'S OLD-FASHIONED ICE CR
NORTH CHARLESTON, SC 29406

SBA Loan Lender

AMERIS BANK
2348 BOUNDARY ST
BEAUFORT, SC 29902

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

2/19/2004

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $487,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bruster's franchise. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Ameris Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Bruster's Real Ice Cream

Direct Public Offerings

SBA 7A Banks for Beaufort, South Carolina Loans

Getting an SBA Loan in South Carolina