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April 30, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > Rbc Centura Bank Atlanta Business Loans > Arby's Loan | ||||
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Savannah, Georgia Bank Loan
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Savannah, GA Entrepreneur Gets SBA Loan to Buy Arby's FranchiseNeed money to purchase an Arby's franchise? Rbc Centura Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Savannah, Georgia needed money to invest in an Arby's franchise back in 2002. Rbc Centura Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower ARBY'S SBA Loan Lender RBC CENTURA BANK This loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA delivers a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/7/2002 Loan Approval Gross Amount $685,000 Loan Approval from the SBA Of the total $685,000 loan amount, the SBA guaranteed $513,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Arby's franchise. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Advice on Getting a Small Business Loan Where to Get an SBA Loan in Atlanta, Georgia
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