Wyoming Entrepreneur Secures Financing to Buy Village Inn Restaurant Franchise
Need a loan to invest in a Village Inn Restaurant franchise? The Converse County Bank has a history of making these loans and they are guaranteed by the SBA.
Village Inn Restaurant franchise loans are available to Douglas, Wyoming entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Converse County Bank, based in Douglas, Wyoming, issued an SBA franchise loan for a Village Inn Restaurant franchise in 2004. We've got all the details on this Wyoming small business loan.
SBA Loan Borrower
VILLAGE INN OF DOUGLAS
DOUGLAS, WY 82633
SBA Loan Lender
THE CONVERSE COUNTY BANK
DOUGLAS, WY 82633
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
5812 - Eating Places
722110 - Full-Service Restaurants
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $785,000 loan amount, the SBA guaranteed $588,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Village Inn Restaurant franchise. At the time of the loan, the company
had 26 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This SBA loan was for $785,000. How would you spend $785,000 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.
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