Loan to Buy Big Apple Bagels Franchise Issued By Bank Of The West

Need a loan to purchase a Big Apple Bagels franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Big Apple Bagels franchise? If so, here's a 2005 SBA franchise loan that you should know about. Bank Of The West was the lender and the entrepreneur was based in Cedar Rapids, Iowa.

SBA Loan Borrower

BIG APPLE BAGELS & COUSINS SUB
CEDAR RAPIDS, IA 52404

SBA Loan Lender

BANK OF THE WEST
700 FIRST AVE NE
CEDAR RAPIDS, IA 52401

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/17/2005

Loan Approval Gross Amount

$290,500

Loan Approval from the SBA

Of the total $290,500 loan amount, the SBA guaranteed $217,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Big Apple Bagels franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The West 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:

Big Apple Bagels

504 Loans

Good Banks for Small Business in Cedar Rapids, Iowa

SBA Participating Banks in Iowa