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April 25, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Denver, Business Loans > United Western Bank Denver Business Loans > Auntie Anne's Loan | ||||
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Requirements for Borrowing Money to Buy a Franchise
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Borrow Money to Buy an Auntie Ann's soft Pretzels FranchiseBorrowing money to purchase an Auntie Ann's soft Pretzels franchise? United Western Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Aurora, Colorado needed money to invest in an Auntie Ann's soft Pretzels franchise back in 2005. United Western Bank issued an SBA franchise loan. Here are the details on this Colorado small business loan. SBA Loan Borrower AUNTIE ANNE'S SBA Loan Lender UNITED WESTERN BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/24/2005 Loan Approval Gross Amount $279,000 Loan Approval from the SBA Of the total $279,000 loan amount, the SBA guaranteed $209,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Auntie Ann's soft Pretzels franchise. At the time of the loan, the company had 28 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 28 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. United Western Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, United Western Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA 7A Lenders in Denver, Colorado Find an SBA Lender in Colorado
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