Buford, GA Entrepreneur Gets SBA Loan to Buy Play N Trade Franchise

Need money to invest in a Play N Trade franchise? Georgia Trust Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Play N Trade franchise may simply require a phone call to a local SBA banker. In 2007, Georgia Trust Bank issued an SBA franchise loan to an entrepreneur in Buford, Georgia. Because Play N Trade was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

PLAY N TRADE
BUFORD, GA 30519

SBA Loan Lender

GEORGIA TRUST BANK
2725 MALL OF GEORGIA BLVD
BUFORD, GA 30519

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

9/20/2007

Loan Approval Gross Amount

$225,600

Loan Approval from the SBA

Of the total $225,600 loan amount, the SBA guaranteed $169,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Play N Trade franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Play 'N Trade

Equity Financing

Who Lends Money to Small Businesses in Buford, Georgia

SBA Participating Banks in Georgia