Loan to Buy Edible Arrangements Franchise Issued By Quad City Bank & Trust

Need a loan to purchase an Edible Arrangements franchise? Quad City Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Davenport, Iowa needed money to invest in an Edible Arrangements franchise back in 2007. Quad City Bank & Trust issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

EDIBLE ARRANGEMENTS
DAVENPORT, IA 52807

SBA Loan Lender

QUAD CITY BANK & TRUST
2118 MIDDLE RD
BETTENDORF, IA 52722

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

7/9/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Edible Arrangements franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the funding would help generate 5 new jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 Quad City Bank & Trust 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.

Related Links:

Edible Arrangements

Accountant's Role in Securing Financing

SBA 7A Banks for Bettendorf, Iowa Loans

Where to Get an SBA Loan Iowa