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April 28, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Shelbyville, Business Loans > American Founders Bank, Inc. Shelbyville Business Loans > Roly Poly Loan | ||||
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SBA Franchise Lenders in Kentucky
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American Founders Bank, Inc. Provides SBA Loan to Buy Roly Poly FranchiseBorrowing money to purchase a Roly Poly franchise? American Founders Bank, Inc. has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Roly Poly franchise? If so, here's a 2001 SBA franchise loan that you should know about. American Founders Bank, Inc. was the lender and the entrepreneur was based in Lexington, Kentucky. SBA Loan Borrower ROLY POLY SBA Loan Lender AMERICAN FOUNDERS BANK, INC. This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/8/2001 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Roly Poly franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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 Banks for Small Business in Shelbyville, Kentucky
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