Crossett, AR Entrepreneur Gets SBA Loan to Buy Huddle House Franchise

Need money to purchase a Huddle House franchise? Timberland Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Crossett, Arkansas and are interested in buying a Huddle House franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Timberland Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

HUDDLE HOUSE
CROSSETT, AR 71635

SBA Loan Lender

TIMBERLAND BANK
2421 N WEST AVE
EL DORADO, AR 71730

This SBA 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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/28/2006

Loan Approval Gross Amount

$187,000

Loan Approval from the SBA

Of the total $187,000 loan amount, the SBA guaranteed $140,250.

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 24 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Timberland Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

Strategic Investors

Best Banks in El Dorado, Arkansas

Getting an SBA Loan in Arkansas