Panama City, FL Entrepreneur Gets SBA Loan to Buy Tcby Franchise
Need a loan to buy a Tcby franchise? Peoples First Community Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Panama City, Florida needed money to invest in a Tcby franchise back in 2000. Peoples First Community Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.
SBA Loan Borrower
WALKER TCBY
PANAMA CITY, FL 32444
SBA Loan Lender
PEOPLES FIRST COMMUNITY BANK
1022 W 23RD ST
PANAMA CITY, FL 32405
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
Loan Approval Date
5/2/2000
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $60,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Tcby franchise. At the time of the loan, the company
had 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Peoples First Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
TCBY Systems, LLC
Find Start-Up Capital
Where to Get an SBA Loan in Panama City, Florida
Getting a Business Loan in Florida