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April 28, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Woodstock, Business Loans > Community W. Bank Woodstock Business Loans > Mellow Mushroom Pizza Loan | ||||
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Community W. Bank Commercial Loans for Franchisees
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Charlotte, NC Entrepreneur Gets SBA Loan to Buy Mellow Mushroom FranchiseBorrowing money to purchase a Mellow Mushroom franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Charlotte, North Carolina needed money to invest in a Mellow Mushroom franchise back in 2000. Community W. Bank issued an SBA franchise loan. Here are the details on this North Carolina small business loan. SBA Loan Borrower MELLOW MUSHROOM PIZZA SBA Loan Lender COMMUNITY W. BANK This loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 1/4/2000 Loan Approval Gross Amount $230,000 Loan Approval from the SBA Of the total $230,000 loan amount, the SBA guaranteed $172,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mellow Mushroom franchise. At the time of the loan, the company had 20 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $230,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 - Friends and Family SBA 7A Banks in Woodstock, Georgia
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