Borrow Money to Buy a Steak Escape Franchise

Borrowing money to purchase a Steak Escape franchise? Southern Commun Finan Corp has a history of making these loans and they are guaranteed by the SBA.

If you live near Winston-Salem, North Carolina and are interested in buying a Steak Escape franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Southern Commun Finan Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

STEAK ESCAPE
WINSTON-SALEM, NC 27103

SBA Loan Lender

SOUTHERN COMMUN FINAN CORP
4701 COUNTRY CLUB RD
WINSTON-SALEM, NC 27104

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/11/2006

Loan Approval Gross Amount

$116,000

Loan Approval from the SBA

Of the total $116,000 loan amount, the SBA guaranteed $98,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Steak Escape franchise. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees 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.

We've showcased information on this loan to let you know that businesses like yours 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:

Obtaining Funding - How to Borrow Money

Best Winston-Salem, North Carolina Banks for Small Business

SBA Lenders in North Carolina