Columbian Bank & Trust Provides SBA Loan to Buy Sheridan's Frozen Custard Franchise

Need a loan to buy a Sheridan's Frozen Custard franchise? Columbian Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sheridan's Frozen Custard franchise is doable. In 2002, Columbian Bank & Trust issued an SBA franchise loan to an entrepreneur in Blue Springs, Missouri. Because Sheridan's Frozen Custard was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

SHERIDAN'S FROZEN CUSTARD
BLUE SPRINGS, MO 64014

SBA Loan Lender

COLUMBIAN BANK & TRUST
4701 W 110TH ST
OVERLAND PARK, KS 66211

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/14/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sheridan's Frozen Custard franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Columbian Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

SBIR Funding

SBA 7A Lenders in Overland Park, Kansas

Getting an SBA Loan in Kansas