Georgia Entrepreneur Secures Financing to Buy Great Wraps Franchise

Borrowing money to invest in a Great Wraps franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Mcdonough, Georgia needed money to invest in a Great Wraps franchise back in 2005. Haven Trust Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

GREAT WRAPS
MCDONOUGH, GA 30253

SBA Loan Lender

HAVEN TRUST BANK
6340 SUGARLOAF PKWY, STE 100
DULUTH, GA 30097

This lender provides SBA debt financing 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

8/4/2005

Loan Approval Gross Amount

$165,700

Loan Approval from the SBA

Of the total $165,700 loan amount, the SBA guaranteed $124,275.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Great Wraps franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 2 existing jobs.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours 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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