Borrow Money to Buy a Supper Thyme Usa Franchise
Need money to purchase a Supper Thyme Usa franchise? Self-Help Cu has a history of making these loans and they are guaranteed by the SBA.
Supper Thyme Usa franchise loans are available to Raleigh, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Self-Help Cu, based in Durham, North Carolina, issued an SBA franchise loan for a Supper Thyme Usa franchise in 2006. We've got all the details on this North Carolina small business loan.
SBA Loan Borrower
SUPPER THYME
RALEIGH, NC 27617
SBA Loan Lender
SELF-HELP CU
301 W MAIN ST
DURHAM, NC 27701
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial 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
722211 - Limited-Service Restaurants
Loan Approval Date
8/29/2006
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Supper Thyme Usa franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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:
Supper Thyme USA
Bank Credit Lines
Small Business Banks in Durham, North Carolina
Browse All Business Loan Sources for North Carolina