Branch Bank & Trust Provides SBA Loan to Buy Artuzzi's Italian Kitchen Franchise

Borrowing money to purchase an Artuzzi's Italian Kitchen franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Artuzzi's Italian Kitchen franchise shouldn't be too tough. In 2005, Branch Bank & Trust issued an SBA franchise loan to an entrepreneur in Woodstock, Georgia. Because Artuzzi's Italian Kitchen was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

ARTUZZI'S ITALIAN KITCHEN
WOODSTOCK, GA 30188

SBA Loan Lender

BRANCH BANK & TRUST
1134 CLARK ST
COVINGTON, GA 30326

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

722211 - Limited-Service Restaurants

Loan Approval Date

5/24/2005

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Artuzzi's Italian Kitchen franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 45 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Artuzzi's Italian Kitchen

Role of Business Plan When Raising Money

Best Banks for Small Business in Covington, Georgia

Georgia SBA Banks