Georgia Entrepreneur Secures Financing to Buy Diner By Design Franchise

Need a loan to buy a Diner By Design franchise? Colony Bank Southeast has a history of making these loans and they are guaranteed by the SBA.

Diner By Design franchise loans are available to Warner Robins, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Colony Bank Southeast, based in Douglas, Georgia, issued an SBA franchise loan for a Diner By Design franchise in 2006. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

DINNER BY DESIGN
WARNER ROBINS, GA 31088

SBA Loan Lender

COLONY BANK SOUTHEAST
625 W WARD ST
DOUGLAS, GA 31533

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

445299 - Specialty Food Stores

Loan Approval Date

2/7/2006

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Diner By Design franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help create 7 new jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, 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:

Dinner By Design

Determining Proper Capital Structure for a Business

Small Bank Loans in Douglas, Georgia

Getting an SBA Loan in Georgia