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May 4, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Norfolk, Business Loans > Midwest Bank Norfolk Business Loans > Pappa Murphy's Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Nebraska Entrepreneur Secures Financing to Buy Pappagallo Shoe Store FranchiseNeed money to buy a Pappagallo Shoe Store franchise? Midwest Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Pappagallo Shoe Store franchise shouldn't be overly burdensome. In 2006, Midwest Bank issued an SBA franchise loan to an entrepreneur in Norfolk, Nebraska. Because Pappagallo Shoe Store was registered with the SBA's registry of franchises, this Nebraska small business loan was issued on an expedited basis. SBA Loan Borrower PAPPA MURPHY'S SBA Loan Lender MIDWEST BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/21/2006 Loan Approval Gross Amount $160,500 Loan Approval from the SBA Of the total $160,500 loan amount, the SBA guaranteed $120,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pappagallo Shoe Store franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Find an SBA Lender in Norfolk, Nebraska Browse All Business Loan Sources for Nebraska
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