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April 27, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Duluth, Business Loans > Haven Trust Bank Duluth Business Loans > Shane's Rib Shack Sugarloaf S Loan | ||||
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How to Get SBA Loans in Lawrenceville, Georgia
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Georgia Entrepreneur Secures Financing to Buy Shane's Rib Shack FranchiseBorrowing money to invest in a Shane's Rib Shack franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA. Shane's Rib Shack franchise loans are available to Lawrenceville, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Haven Trust Bank, based in Duluth, Georgia, issued an SBA franchise loan for a Shane's Rib Shack franchise in 2006. We've got all the details on this Georgia small business loan. SBA Loan Borrower SHANE'S RIB SHACK SUGARLOAF S SBA Loan Lender HAVEN TRUST BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/4/2006 Loan Approval Gross Amount $382,800 Loan Approval from the SBA Of the total $382,800 loan amount, the SBA guaranteed $287,100. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Shane's Rib Shack franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 27 existing jobs. Next Steps for Getting an SBA Loan 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. While you may be able to find business people willing to loan money, 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. Related Links: Realistic Debt Financing Options SBA 7A Banks for Duluth, Georgia Loans
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