Charlotte, NC Entrepreneur Gets SBA Loan to Buy Bear Rock Cafe Franchise

Borrowing money to invest in a Bear Rock Cafe franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Charlotte, North Carolina and are interested in buying a Bear Rock Cafe franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Community W. Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BEAR ROCK CAFE
CHARLOTTE, NC 28226

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

This lender provides SBA 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

722211 - Limited-Service Restaurants

Loan Approval Date

10/8/2003

Loan Approval Gross Amount

$422,000

Loan Approval from the SBA

Of the total $422,000 loan amount, the SBA guaranteed $316,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bear Rock Cafe franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 24 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

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