Denver, CO Entrepreneur Gets SBA Loan to Buy Good Times Drive Thru, Icn. Franchise

Borrowing money to buy a Good Times Drive Thru, Icn. franchise? Guaranty Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Denver, Colorado needed money to invest in a Good Times Drive Thru, Icn. franchise back in 2000. Guaranty Bank & Trust issued an SBA franchise loan. Here are the details on this Colorado small business loan.

SBA Loan Borrower

GOOD TIMES DRIVE THRU BURGERS
DENVER, CO 80249

SBA Loan Lender

GUARANTY BANK & TRUST
1331 17TH ST
DENVER, CO 80202

This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/18/2000

Loan Approval Gross Amount

$575,000

Loan Approval from the SBA

Of the total $575,000 loan amount, the SBA guaranteed $431,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Good Times Drive Thru, Icn. franchise. At the time of the loan, the company had 50 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $575,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Small Business Loan

SBA 7A Lenders in Denver, Colorado

Colorado SBA 7A Lenders