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April 28, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Laramie, Business Loans > First National Bank Of Wyoming Laramie Business Loans > First Of Many, LLC Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Loan to Buy Sonic Drive-In Franchise Issued By First National Bank Of WyomingNeed money to buy a Sonic Drive-In franchise? First National Bank Of Wyoming has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Sonic Drive-In franchise may simply require a phone call to a local SBA banker. In 2001, First National Bank Of Wyoming issued an SBA franchise loan to an entrepreneur in Cheyenne, Wyoming. Because Sonic Drive-In was registered with the SBA's registry of franchises, this Wyoming small business loan was issued on an expedited basis. SBA Loan Borrower FIRST OF MANY, LLC SBA Loan Lender FIRST NATIONAL BANK OF WYOMING This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. 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 8/7/2001 Loan Approval Gross Amount $385,300 Loan Approval from the SBA Of the total $385,300 loan amount, the SBA guaranteed $258,151. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sonic Drive-In franchise. At the time of the loan, the company had 40 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank Of Wyoming 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:
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