Loan to Buy Long John Silver's Franchise Issued By 1st National Bank In Creston

Need a loan to invest in a Long John Silver's franchise? 1st National Bank In Creston has a history of making these loans and they are guaranteed by the SBA.

Long John Silver's franchise loans are available to Creston, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st National Bank In Creston, based in Creston, Iowa, issued an SBA franchise loan for a Long John Silver's franchise in 2004. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

WEST CONCEPTS INC
CRESTON, IA 50801

SBA Loan Lender

1ST NATIONAL BANK IN CRESTON
101 W ADAMS ST
CRESTON, IA 50801

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/16/2004

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Long John Silver's franchise. At the time of the loan, the company had 39 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Creston IA, you ought to talk with a local Creston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Creston businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Long John Silver's Restaurants, Inc.

Equity Financing

SBA 7A Banks for Creston, Iowa Loans

SBA Lenders in Iowa