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April 18, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Garden City, Business Loans > Garden City State Bank Garden City Business Loans > Sonic Drive-In Of Garden City Loan | ||||
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Small Business Banks for Garden City Small Businesses
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Kansas Entrepreneur Secures Financing to Buy Sonic FranchiseNeed money to buy a Sonic franchise? Garden City State Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Sonic franchise? If so, here's a 2007 SBA franchise loan that you should know about. Garden City State Bank was the lender and the entrepreneur was based in Garden City, Kansas. SBA Loan Borrower SONIC DRIVE-IN OF GARDEN CITY SBA Loan Lender GARDEN CITY STATE BANK The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 7/31/2007 Loan Approval Gross Amount $122,000 Loan Approval from the SBA Of the total $122,000 loan amount, the SBA guaranteed $61,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Sonic franchise. At the time of the loan, the company had 39 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 39 existing jobs. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Garden City State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Garden City, Kansas Banks for Small Business
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