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May 5, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Winston-Salem, Business Loans > Southern Commun Finan Corp Winston-Salem Business Loans > Steak Escape Loan | ||||
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Is It Possible to Borrow Money for a Franchise in Winston-Salem, North Carolina?
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Borrow Money to Buy a Steak Escape FranchiseBorrowing money to purchase a Steak Escape franchise? Southern Commun Finan Corp has a history of making these loans and they are guaranteed by the SBA. If you live near Winston-Salem, North Carolina and are interested in buying a Steak Escape franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Southern Commun Finan Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower STEAK ESCAPE SBA Loan Lender SOUTHERN COMMUN FINAN CORP SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/11/2006 Loan Approval Gross Amount $116,000 Loan Approval from the SBA Of the total $116,000 loan amount, the SBA guaranteed $98,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Steak Escape franchise. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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. Related Links: Obtaining Funding - How to Borrow Money Best Winston-Salem, North Carolina Banks for Small Business
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