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May 4, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Dunn, Business Loans > New Century Bank Dunn Business Loans > Andy's Cheesesteaks And Cheese Loan | ||||
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I Need a Business Loan to Buy a Franchise in Wilmington, North Carolina
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Wilmington, NC Entrepreneur Gets SBA Loan to Buy Andy's Cheesesteaks & Cheeseburgers FranchiseBorrowing money to invest in an Andy's Cheesesteaks & Cheeseburgers franchise? New Century Bank has a history of making these loans and they are guaranteed by the SBA. Andy's Cheesesteaks & Cheeseburgers franchise loans are available to Wilmington, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, New Century Bank, based in Dunn, North Carolina, issued an SBA franchise loan for an Andy's Cheesesteaks & Cheeseburgers franchise in 2006. We've got all the details on this North Carolina small business loan. SBA Loan Borrower ANDY'S CHEESESTEAKS AND CHEESE SBA Loan Lender NEW CENTURY BANK This lender provides SBA guaranteed business loans 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 722110 - Full-Service Restaurants Loan Approval Date 8/1/2006 Loan Approval Gross Amount $170,000 Loan Approval from the SBA Of the total $170,000 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 an Andy's Cheesesteaks & Cheeseburgers franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 21 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 $170,000 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 Where to Get an SBA Loan in Dunn, North Carolina Getting a Business Loan in North Carolina
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