Branch Bank & Trust Provides SBA Loan to Buy Nevada Bob's Discount Golf & Tennis Franchise

Borrowing money to invest in a Nevada Bob's Discount Golf & Tennis franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Nevada Bob's Discount Golf & Tennis franchise is doable. In 2003, Branch Bank & Trust issued an SBA franchise loan to an entrepreneur in Wilmington, North Carolina. Because Nevada Bob's Discount Golf & Tennis was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

NEVADA BOB'S GOLF
WILMINGTON, NC 28409

SBA Loan Lender

BRANCH BANK & TRUST
109 MARKET ST
WILMINGTON, NC 28401

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 business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

6/5/2003

Loan Approval Gross Amount

$875,000

Loan Approval from the SBA

Of the total $875,000 loan amount, the SBA guaranteed $656,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Nevada Bob's Discount Golf & Tennis franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Wilmington NC, you ought to talk with a local Wilmington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wilmington businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $875,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Nevada Bob's

Advice on Getting a Small Business Loan

SBA Approved Banks in Wilmington, North Carolina

North Carolina SBA Banks