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November 15, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Jonesboro, Business Loans > Heritage Bank Jonesboro Business Loans > Blimpie Express Loan | ||||
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Stockbridge, Georgia Bank Loan
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Borrow Money to Buy a Blimpie FranchiseNeed a loan to buy a Blimpie franchise? Heritage Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Stockbridge, Georgia needed money to invest in a Blimpie franchise back in 2005. Heritage Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower BLIMPIE EXPRESS SBA Loan Lender HERITAGE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/19/2005 Loan Approval Gross Amount $190,000 Loan Approval from the SBA Of the total $190,000 loan amount, the SBA guaranteed $142,500. 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 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $190,000 loan. Remember, anyone can do it... so why not 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: How Much Venture Capital Is There? SBA Participating Banks in Jonesboro, Georgia Where to Get an SBA Loan Georgia
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