Mid-Missouri Bank Provides SBA Loan to Buy Shakley's Frozen Custard Franchise

Need a loan to invest in a Shakley's Frozen Custard franchise? Mid-Missouri Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Carthage, Missouri needed money to invest in a Shakley's Frozen Custard franchise back in 2005. Mid-Missouri Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

SHAKE'S FROZEN CUSTARD
CARTHAGE, MO 64836

SBA Loan Lender

MID-MISSOURI BANK
100 N MAIN ST
WEBB CITY, MO 64870

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

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

2/3/2005

Loan Approval Gross Amount

$488,000

Loan Approval from the SBA

Of the total $488,000 loan amount, the SBA guaranteed $366,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Shakley's Frozen Custard 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 loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you need seed money for 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:

Obtaining Funding - Friends and Family

Where to Get an SBA Loan in Webb City, Missouri

Getting an SBA Loan in Missouri