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April 26, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Waterloo, Business Loans > Lincoln Savings Bank Waterloo Business Loans > Pretzelmaker Loan | ||||
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Is It Possible to Borrow Money for a Franchise in Cedar Falls, Iowa?
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Cedar Falls, IA Entrepreneur Gets SBA Loan to Buy Pretzelmaker FranchiseBorrowing money to invest in a Pretzelmaker franchise? Lincoln Savings Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Pretzelmaker franchise? If so, here's a 2005 SBA franchise loan that you should know about. Lincoln Savings Bank was the lender and the entrepreneur was based in Cedar Falls, Iowa. SBA Loan Borrower PRETZELMAKER SBA Loan Lender LINCOLN SAVINGS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 8/29/2005 Loan Approval Gross Amount $290,000 Loan Approval from the SBA Of the total $290,000 loan amount, the SBA guaranteed $217,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pretzelmaker franchise. At the time of the loan, the company had 39 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Lincoln Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Banks in Waterloo, Iowa
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