Loan to Buy Loco's Deli & Pub Franchise Issued By Afb&t

Need money to invest in a Loco's Deli & Pub franchise? Afb&t has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Loco's Deli & Pub franchise requires some effort but others before you have been successful. In 2000, Afb&t issued an SBA franchise loan to an entrepreneur in Suwanee, Georgia. Because Loco's Deli & Pub was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

LOCO'S DELI & PUB
SUWANEE, GA 30024

SBA Loan Lender

AFB&T
124 E HANCOCK
ATHENS, GA 30601

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

10/19/2000

Loan Approval Gross Amount

$338,400

Loan Approval from the SBA

Of the total $338,400 loan amount, the SBA guaranteed $253,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Loco's Deli & Pub franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Afb&t and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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