Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

Requirements for Financing a Franchise

 

 
Loan Census SBA Loan Info

The Callaway Bank Provides SBA Loan to Buy W. G. Grinders Franchise

Need money to invest in a W. G. Grinders franchise? The Callaway Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Columbia, Missouri and are interested in buying a W. G. Grinders franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by The Callaway Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SCARDINA & SONS, LLC DBA WG GR
COLUMBIA, MO 65201

SBA Loan Lender

THE CALLAWAY BANK
5 EAST 5TH ST
FULTON, MO 65251

This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/21/2006

Loan Approval Gross Amount

$69,000

Loan Approval from the SBA

Of the total $69,000 loan amount, the SBA guaranteed $34,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a W. G. Grinders franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $69,000. How would you spend $69,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Small Business Loan

SBA 7A Banks in Fulton, Missouri

Missouri SBA Banks