Home Banking Company Provides SBA Loan to Buy Central Park Hamburgers Franchise

Need a loan to buy a Central Park Hamburgers franchise? Home Banking Company has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Central Park Hamburgers franchise shouldn't be too tough. In 2000, Home Banking Company issued an SBA franchise loan to an entrepreneur in Selmer, Tennessee. Because Central Park Hamburgers was registered with the SBA's registry of franchises, this Tennessee small business loan was issued on an expedited basis.

SBA Loan Borrower

HUDDLE HOUSE RESTAURANT
SELMER, TN 38375

SBA Loan Lender

HOME BANKING COMPANY
795 E POPLAR AVE
SELMER, TN 38375

This SBA small 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

Loan Approval Date

1/13/2000

Loan Approval Gross Amount

$511,000

Loan Approval from the SBA

Of the total $511,000 loan amount, the SBA guaranteed $383,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Central Park Hamburgers franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Business Incubators

SBA Participating Banks in Selmer, Tennessee

SBA Tennessee Lenders