Loan to Buy Mrs. Field's Cookies Franchise Issued By Oak Hill Banks

Borrowing money to purchase a Mrs. Field's Cookies franchise? Oak Hill Banks has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mrs. Field's Cookies franchise may simply require a phone call to a local SBA banker. In 2002, Oak Hill Banks issued an SBA franchise loan to an entrepreneur in Florence, Kentucky. Because Mrs. Field's Cookies was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis.

SBA Loan Borrower

MRS. FIELDS FAMOUS BRANDS
FLORENCE, KY 41042

SBA Loan Lender

OAK HILL BANKS
4811 COOPER RD
CINCINNATI, OH 45242

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.

SIC Code

5812 - Eating Places

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

1/16/2002

Loan Approval Gross Amount

$312,300

Loan Approval from the SBA

Of the total $312,300 loan amount, the SBA guaranteed $234,225.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had 30 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? 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.

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