Business Devel Corp - So. Caro Provides SBA Loan to Buy Moe's Sw Grill Franchise

Borrowing money to purchase a Moe's Sw Grill franchise? Business Devel Corp - So. Caro has a history of making these loans and they are guaranteed by the SBA.

Moe's Sw Grill franchise loans are available to Rock Hill, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Devel Corp - So. Caro, based in Columbia, South Carolina, issued an SBA franchise loan for a Moe's Sw Grill franchise in 2003. We've got all the details on this South Carolina small business loan.

SBA Loan Borrower

MOE'S RESTAURANT
ROCK HILL, SC 29730

SBA Loan Lender

BUSINESS DEVEL CORP - SO. CARO
111 EXEC CENTER DR, STE 225
COLUMBIA, SC 29221

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/20/2003

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 Moe's Sw Grill franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Business Devel Corp - So. Caro that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Moe's Southwest Grill

Alternative Financing

SBA Approved Banks in Columbia, South Carolina

SBA Lenders in South Carolina