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May 2, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Bettendorf, Business Loans > Quad City Bank & Trust Bettendorf Business Loans > Great Harvest Bread Company Loan | ||||
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Good Sources for Davenport SBA Loans
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Borrow Money to Buy a Great Harvest Bread Co. FranchiseNeed a loan to purchase a Great Harvest Bread Co. franchise? Quad City Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Davenport, Iowa needed money to invest in a Great Harvest Bread Co. franchise back in 2002. Quad City Bank & Trust issued an SBA franchise loan. Here are the details on this Iowa small business loan. SBA Loan Borrower GREAT HARVEST BREAD COMPANY SBA Loan Lender QUAD CITY BANK & TRUST This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311812 - Commercial Bakeries Loan Approval Date 1/25/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Great Harvest Bread Co. franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Lenders in Bettendorf, Iowa Browse All Business Loan Sources for Iowa
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