Kentucky Entrepreneur Secures Financing to Buy Shoney's Restaurant Franchise

Need money to purchase a Shoney's Restaurant franchise? The Bank Of Kentucky, Inc has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Shoney's Restaurant franchise? If so, here's a 2003 SBA franchise loan that you should know about. The Bank Of Kentucky, Inc was the lender and the entrepreneur was based in Dry Ridge, Kentucky.

SBA Loan Borrower

SHONEYS DRY RIDGE
DRY RIDGE, KY 41035

SBA Loan Lender

THE BANK OF KENTUCKY, INC
111 LOOKOUT FARM DR
CRESTVIEW HILLS, KY 41017

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/17/2003

Loan Approval Gross Amount

$463,500

Loan Approval from the SBA

Of the total $463,500 loan amount, the SBA guaranteed $347,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Shoney's Restaurant franchise. At the time of the loan, the company had 21 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Shoney's Restaurants

Obtaining Funding From a Venture Capitalist

SBA Approved Banks in Crestview Hills, Kentucky

Kentucky SBA 7A Lenders