Colorado Entrepreneur Secures Financing to Buy Woody's Hog Dogs Franchise

Need money to buy a Woody's Hog Dogs franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA.

If you live near Colorado Springs, Colorado and are interested in buying a Woody's Hog Dogs franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Newtek Small Business Finance Inc.. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

JENNIFER COFFEY'S HOTDOGS INC
COLORADO SPRINGS, CO 80921

SBA Loan Lender

NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/24/2004

Loan Approval Gross Amount

$124,400

Loan Approval from the SBA

Of the total $124,400 loan amount, the SBA guaranteed $105,740.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Woody's Hog Dogs franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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.

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Accountant's Role in Securing Financing

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New York SBA 7A Lenders