Suwanee, GA Entrepreneur Gets SBA Loan to Buy Indigo Joe's Sport Pub & Restaurant Franchise

Borrowing money to buy an Indigo Joe's Sport Pub & Restaurant franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Suwanee, Georgia needed money to invest in an Indigo Joe's Sport Pub & Restaurant franchise back in 2006. Haven Trust Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

INDIGO JOE'S SPORTS PUB AND RE
SUWANEE, GA 30024

SBA Loan Lender

HAVEN TRUST BANK
6340 SUGARLOAF PKWY, STE 100
DULUTH, GA 30097

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/24/2006

Loan Approval Gross Amount

$562,000

Loan Approval from the SBA

Of the total $562,000 loan amount, the SBA guaranteed $421,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Indigo Joe's Sport Pub & Restaurant franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 24 new jobs and retain 1 existing job.

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.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Indigos Franchising

Indigo Joe's Pub & Restaurant

Getting a Small Business Loan

SBA Participating Banks in Duluth, Georgia

Georgia SBA Bank Lenders