Siler City, NC Entrepreneur Gets SBA Loan to Buy Piggly Wiggly Franchise

Borrowing money to purchase a Piggly Wiggly franchise? Rbc Centura Bank has a history of making these loans and they are guaranteed by the SBA.

Piggly Wiggly franchise loans are available to Siler City, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Rbc Centura Bank, based in Raleigh, North Carolina, issued an SBA franchise loan for a Piggly Wiggly franchise in 2000. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

PIGGLY WIGGLY
SILER CITY, NC 27344

SBA Loan Lender

RBC CENTURA BANK
4300 GLENWOOD AVE
RALEIGH, NC 27612

This SBA bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a deep knowledge SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

Loan Approval Date

9/15/2000

Loan Approval Gross Amount

$420,000

Loan Approval from the SBA

Of the total $420,000 loan amount, the SBA guaranteed $315,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Piggly Wiggly franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Rbc Centura Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Rbc Centura Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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