Borrow Money to Buy a Zaxby's Franchise

Need money to buy a Zaxby's franchise? First Bank Of The South has a history of making these loans and they are guaranteed by the SBA.

Zaxby's franchise loans are available to Henegar, Alabama entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Bank Of The South, based in Rainsville, Alabama, issued an SBA franchise loan for a Zaxby's franchise in 2004. We've got all the details on this Alabama small business loan.

SBA Loan Borrower

ZAXBY'S
HENEGAR, AL 35978

SBA Loan Lender

FIRST BANK OF THE SOUTH
246 MAIN ST EAST
RAINSVILLE, AL 35986

When this loan was made, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program was created to ensure quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/30/2004

Loan Approval Gross Amount

$187,500

Loan Approval from the SBA

Of the total $187,500 loan amount, the SBA guaranteed $140,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Zaxby's franchise. At the time of the loan, the company had 60 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $187,500 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:

Zaxby's

A Company That Helps Entrepreneurs

Small Bank Loans in Rainsville, Alabama

Where to Get an SBA Loan Alabama