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April 24, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > New Orleans, Business Loans > Whitney National Bank New Orleans Business Loans > Green Cow LLC Loan | ||||
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Mobile, Alabama Bank for SBA Loans
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Alabama Entrepreneur Secures Financing to Buy Shakley's Frozen Custard FranchiseNeed money to purchase a Shakley's Frozen Custard franchise? Whitney National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Shakley's Frozen Custard franchise? If so, here's a 2001 SBA franchise loan that you should know about. Whitney National Bank was the lender and the entrepreneur was based in Mobile, Alabama. SBA Loan Borrower GREEN COW LLC SBA Loan Lender WHITNEY NATIONAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 11/2/2001 Loan Approval Gross Amount $70,400 Loan Approval from the SBA Of the total $70,400 loan amount, the SBA guaranteed $52,800. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Shakley's Frozen Custard franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 - Getting Venture Capital Best New Orleans, Louisiana Banks for Small Business
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