Regions Bank Provides SBA Loan to Buy Pearle Vision Center Franchise

Need money to invest in a Pearle Vision Center franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Pearle Vision Center franchise? If so, here's a 2004 SBA franchise loan that you should know about. Regions Bank was the lender and the entrepreneur was based in North Charleston, South Carolina.

SBA Loan Borrower

CAROLINA EYES LLC
NORTH CHARLESTON, SC 29406

SBA Loan Lender

REGIONS BANK
6637 ROSWELL RD
ATLANTA, GA 30328

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Optometrists

Loan Approval Date

2/3/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pearle Vision Center franchise. At the time of the loan, the company had 50 employees. The SBA loan documents indicated that the borrowed money would help create 10 new jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Pearle Vision

Borrowing Money from Friends and Family

SBA 7A Lenders in Atlanta, Georgia

SBA Georgia Banks