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April 30, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Cleveland, Business Loans > Keybank National Association Cleveland Business Loans > Burger King Loan | ||||
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Le Roy, New York Bank Loan
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Loan to Buy Burger King Franchise Issued By Keybank National AssociationBorrowing money to invest in a Burger King franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Le Roy, New York needed money to invest in a Burger King franchise back in 2003. Keybank National Association issued an SBA franchise loan. Here are the details on this New York small business loan. SBA Loan Borrower BURGER KING SBA Loan Lender KEYBANK NATIONAL ASSOCIATION The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/25/2003 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Burger King franchise. At the time of the loan, the company had 55 employees. The SBA loan application for the borrower indicated that the loan would help retain 55 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $25,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 From a Venture Capitalist
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