Concordia, KS Entrepreneur Gets SBA Loan to Buy Daylight Donut Shop Franchise

Need money to buy a Daylight Donut Shop franchise? Peoples Exchange Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Daylight Donut Shop franchise shouldn't be overly burdensome. In 2001, Peoples Exchange Bank issued an SBA franchise loan to an entrepreneur in Concordia, Kansas. Because Daylight Donut Shop was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

THE DONUT SHOP
CONCORDIA, KS 66901

SBA Loan Lender

PEOPLES EXCHANGE BANK
302 W 6TH
CONCORDIA, KS 66901

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

12/19/2001

Loan Approval Gross Amount

$31,500

Loan Approval from the SBA

Of the total $31,500 loan amount, the SBA guaranteed $26,775.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Daylight Donut Shop franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Bank Credit Lines

SBA 7A Banks in Concordia, Kansas

SBA Kansas Lenders