Arnold, MO Entrepreneur Gets SBA Loan to Buy Culver's Frozen Custard Franchise

Borrowing money to purchase a Culver's Frozen Custard franchise? Mcfarland State Bank has a history of making these loans and they are guaranteed by the SBA.

Culver's Frozen Custard franchise loans are available to Arnold, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Mcfarland State Bank, based in Mcfarland, Wisconsin, issued an SBA franchise loan for a Culver's Frozen Custard franchise in 2006. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

CULVER'S
ARNOLD, MO 63010

SBA Loan Lender

MCFARLAND STATE BANK
5990 HWY 51
MCFARLAND, WI 53558

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/16/2006

Loan Approval Gross Amount

$218,000

Loan Approval from the SBA

Of the total $218,000 loan amount, the SBA guaranteed $163,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Culver's Frozen Custard franchise. At the time of the loan, the company had 40 employees. The loan application did not indicate that the small business promised to use the money to hire new employees 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.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Mcfarland State 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.

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