Conway, AR Entrepreneur Gets SBA Loan to Buy Nestle Toll House By Chip Franchise

Need money to invest in a Nestle Toll House By Chip franchise? Arvest Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Nestle Toll House By Chip franchise requires some effort but others before you have been successful. In 2006, Arvest Bank issued an SBA franchise loan to an entrepreneur in Conway, Arkansas. Because Nestle Toll House By Chip was registered with the SBA's registry of franchises, this Arkansas small business loan was issued on an expedited basis.

SBA Loan Borrower

TWIN SHAMROCKS, LLC DBA NESTLE TOLL HOUSE
Conway, AR 72034

SBA Loan Lender

ARVEST BANK
3409 S PEORIA AVE, STE 1
TULSA, OK 74105

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/26/2006

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Nestle Toll House By Chip franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the funding would help generate 3 new jobs.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Arvest Bank and they will explain how you can get an SBA loan for your company.

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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