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October 22, 2021  
 
 
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Where Can I Find Franchise Loans in Pelham, Alabama?

 

 
Loan Census SBA Loan Info

Loan to Buy Sneaky Pete's Hot Dogs Franchise Issued By Covenant Bank

Need money to invest in a Sneaky Pete's Hot Dogs franchise? Covenant Bank has a history of making these loans and they are guaranteed by the SBA.

Sneaky Pete's Hot Dogs franchise loans are available to Pelham, Alabama entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Covenant Bank, based in Leeds, Alabama, issued an SBA franchise loan for a Sneaky Pete's Hot Dogs franchise in 2005. We've got all the details on this Alabama small business loan.

SBA Loan Borrower

SNEAKY PETE'S
PELHAM, AL 35124

SBA Loan Lender

COVENANT BANK
7908 PARKWAY DR
LEEDS, AL 35094

The lender provided this commercial 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

6/1/2005

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $22,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sneaky Pete's Hot Dogs franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Covenant Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Credit Evaluation

Banks in Leeds, Alabama

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