Borrow Money to Buy a Moe's Sw Grill Franchise

Need money to purchase a Moe's Sw Grill franchise? First Charter Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Moe's Sw Grill franchise? If so, here's a 2003 SBA franchise loan that you should know about. First Charter Bank was the lender and the entrepreneur was based in Statesboro, Georgia.

SBA Loan Borrower

MOE'S SOUTHWEST GRILL
STATESBORO, GA 30458

SBA Loan Lender

FIRST CHARTER BANK
11675 RAINWATER DR, 600 NORTH
ALPHARETTA, GA 30004

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/25/2003

Loan Approval Gross Amount

$234,000

Loan Approval from the SBA

Of the total $234,000 loan amount, the SBA guaranteed $175,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Moe's Sw Grill franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the borrowed money would help create 10 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Charter Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Charter Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Moe's Southwest Grill

The Friends and Family Network

Small Business Banks in Alpharetta, Georgia

Getting a Business Loan in Georgia