Georgia Entrepreneur Secures Financing to Buy Shoney's Restaurant Franchise

Borrowing money to purchase a Shoney's Restaurant franchise? First St. Bank & Trust - Valdost has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Shoney's Restaurant franchise requires some effort but others before you have been successful. In 2005, First St. Bank & Trust - Valdost issued an SBA franchise loan to an entrepreneur in Valdosta, Georgia. Because Shoney's Restaurant was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

R & M MID SOUTH RESTAURANTS LL
VALDOSTA, GA 31602

SBA Loan Lender

FIRST ST. BANK & TRUST - VALDOST
3650 INNER PERIMETER RD
VALDOSTA, GA 31602

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/9/2005

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Shoney's Restaurant franchise. At the time of the loan, the company had 70 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 32 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Valdosta GA, you ought to talk with a local Valdosta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Valdosta businesses.

We can help you find the best banks for small businesses in Valdosta or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Shoney's Restaurants

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SBA Banks in Valdosta, Georgia

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