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November 16, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Charleston, Business Loans > City National Bank - W. Virginia Charleston Business Loans > Long John Silvers Loan | ||||
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West Virginia Small Business Funding for Franchises
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Loan to Buy Long John Silver's Franchise Issued By City National Bank - W. VirginiaNeed a loan to purchase a Long John Silver's franchise? City National Bank - W. Virginia has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in St. Albans, West Virginia needed money to invest in a Long John Silver's franchise back in 2001. City National Bank - W. Virginia issued an SBA franchise loan. Here are the details on this West Virginia small business loan. SBA Loan Borrower LONG JOHN SILVERS SBA Loan Lender CITY NATIONAL BANK - W. VIRGINIA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/9/2001 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Long John Silver's franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the borrowed money would help create 100 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like City National Bank - W. Virginia are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Long John Silver's Restaurants, Inc. SBA 7A Banks in Charleston, West Virginia
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