Borrow Money to Buy a Huddle House Franchise

Borrowing money to purchase a Huddle House franchise? Community Trust Bank, Inc. has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Huddle House franchise? If so, here's a 2006 SBA franchise loan that you should know about. Community Trust Bank, Inc. was the lender and the entrepreneur was based in Campbellsville, Kentucky.

SBA Loan Borrower

YARBERRY ENTERPRISES INC
CAMPBELLSVILLE, KY 42718

SBA Loan Lender

COMMUNITY TRUST BANK, INC.
346 N MAYO TRL
PIKEVILLE, KY 41501

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/10/2006

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huddle House franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 50 new jobs and retain 35 existing jobs.

Getting an SBA Loan For Your Business

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

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? 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:

Huddle House, Inc.

The Art of Bootstrapping

SBA Approved Banks in Pikeville, Kentucky

SBA Kentucky Lenders