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April 25, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Alpharetta, Business Loans > Bank Of North Georgia Alpharetta Business Loans > Locos Deli & Pub Loan | ||||
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Best Banks for Fayetteville, Georgia Small Business Owners
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Georgia Entrepreneur Secures Financing to Buy Loco's Deli & Pub FranchiseBorrowing money to invest in a Loco's Deli & Pub franchise? Bank Of North Georgia has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Fayetteville, Georgia needed money to invest in a Loco's Deli & Pub franchise back in 2004. Bank Of North Georgia issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower LOCOS DELI & PUB SBA Loan Lender BANK OF NORTH GEORGIA This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/4/2004 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $89,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Loco's Deli & Pub franchise. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. We can help you find the best banks for small businesses in Fayetteville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: How Much Venture Capital Is There? Who Lends Money to Small Businesses in Alpharetta, Georgia
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