Alabama Entrepreneur Secures Financing to Buy Tcby Franchise
Need a loan to buy a Tcby franchise? Superior Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Clay, Alabama needed money to invest in a Tcby franchise back in 2001. Superior Bank issued an SBA franchise loan. Here are the details on this Alabama small business loan.
SBA Loan Borrower
YOGURT SYSTEMS, INC. & C&W PAR
CLAY, AL 35048
SBA Loan Lender
17 N 20TH ST
BIRMINGHAM, AL 35203
This loan for a small business was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.
SBA Loan Program Type
This loan was issued as a general business loan.
5812 - Eating Places
722110 - Full-Service Restaurants
Loan Approval Date
Loan Approval Gross Amount
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 an existing business. This loan was used to buy a Tcby franchise. At the time of the loan, the company
had 85 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Superior Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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.
TCBY Systems, LLC
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