Myrtle Beach, SC Entrepreneur Gets SBA Loan to Buy Atlanta Bread Company Franchise

Need money to invest in an Atlanta Bread Company franchise? Carolina First Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Myrtle Beach, South Carolina needed money to invest in an Atlanta Bread Company franchise back in 2002. Carolina First Bank issued an SBA franchise loan. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

ATLANTA BREAD COMPANY
MYRTLE BEACH, SC 29577

SBA Loan Lender

CAROLINA FIRST BANK
300 HWY 17 NORTH
SURFSIDE BEACH, SC 29575

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/11/2002

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Atlanta Bread Company franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your 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 can help you find the best banks for small businesses in Myrtle Beach 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.

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Small Business Banks in Surfside Beach, South Carolina

Getting an SBA Loan in South Carolina