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April 28, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Montvale, Business Loans > Irwin Franchise Cap. Corp Montvale Business Loans > Captain D's Loan | ||||
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Raising Money in Van Buren, Arkansas With SBA Loans
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Loan to Buy Captain D's Seafood Restaurants Franchise Issued By Irwin Franchise Cap. CorpNeed a loan to invest in a Captain D's Seafood Restaurants franchise? Irwin Franchise Cap. Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Van Buren, Arkansas needed money to invest in a Captain D's Seafood Restaurants franchise back in 2007. Irwin Franchise Cap. Corp issued an SBA franchise loan. Here are the details on this Arkansas small business loan. SBA Loan Borrower CAPTAIN D'S SBA Loan Lender IRWIN FRANCHISE CAP. CORP This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/23/2007 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Captain D's Seafood Restaurants franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 17 new jobs and retain 19 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Dealing With Venture Capitalists SBA Participating Banks in Montvale, New Jersey
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