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May 7, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Cornelia, Business Loans > Community Bank & Trust Cornelia Business Loans > Cilantos's Loan | ||||
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How Can I Buy a Franchise in Gainesville, Georgia?
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Community Bank & Trust Provides SBA Loan to Buy Maui Tacos FranchiseNeed money to buy a Maui Tacos franchise? Community Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Gainesville, Georgia needed money to invest in a Maui Tacos franchise back in 2003. Community Bank & Trust issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower CILANTOS'S SBA Loan Lender COMMUNITY BANK & TRUST This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/20/2003 Loan Approval Gross Amount $169,500 Loan Approval from the SBA Of the total $169,500 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Maui Tacos franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the funding would help create 5 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find other ways to get money to start a business, 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: Obtaining Funding - Friends and Family Best Banks in Cornelia, Georgia
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