 |
 |
January 21, 2025 |
|
|
|
|
||
| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Winston Salem, Business Loans > Branch Bank & Trust Winston Salem Business Loans > Shree Nundmota Corp Loan | ||||
 |
||||
Spartanburg, South Carolina Bank Loan
|
||||
 |
Spartanburg, SC Entrepreneur Gets SBA Loan to Buy Blimpie FranchiseNeed a loan to buy a Blimpie franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Blimpie franchise loans are available to Spartanburg, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Branch Bank & Trust, based in Winston Salem, North Carolina, issued an SBA franchise loan for a Blimpie franchise in 2002. We've got all the details on this South Carolina small business loan. SBA Loan Borrower SHREE NUNDMOTA CORP SBA Loan Lender BRANCH BANK & TRUST The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/2/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $50,000 loan. Remember, fight for what you want, and it will be yours! 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: Obtaining Funding From a Venture Capitalist Best Banks in Winston Salem, North Carolina Browse All Business Loan Sources for North Carolina
|
|
||
|
||||
|
|
||||