Banktrust Provides SBA Loan to Buy Roly Poly Franchise

Borrowing money to invest in a Roly Poly franchise? Banktrust has a history of making these loans and they are guaranteed by the SBA.

Roly Poly franchise loans are available to Spanish Fort, Alabama entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banktrust, based in Mobile, Alabama, issued an SBA franchise loan for a Roly Poly franchise in 2006. We've got all the details on this Alabama small business loan.

SBA Loan Borrower

ROLY POLY
SPANISH FORT, AL 36571

SBA Loan Lender

BANKTRUST
100 ST. JOSEPH ST
MOBILE, AL 36602

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/7/2006

Loan Approval Gross Amount

$129,000

Loan Approval from the SBA

Of the total $129,000 loan amount, the SBA guaranteed $109,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Roly Poly franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 12 new jobs and retain 13 existing jobs.

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $129,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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