Borrow Money to Buy an Anderson's Frozen Custard Franchise

Need a loan to buy an Anderson's Frozen Custard franchise? Manufacturers & Traders Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Anderson's Frozen Custard franchise? If so, here's a 2000 SBA franchise loan that you should know about. Manufacturers & Traders Trust was the lender and the entrepreneur was based in Depew, New York.

SBA Loan Borrower

ANDERSON'S FROZEN CUSTARD
DEPEW, NY 14043

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
4925 MAIN ST
AMHERST, NY 14226

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.

SIC Code

5812 - Eating Places

Loan Approval Date

1/6/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Anderson's Frozen Custard franchise. At the time of the loan, the company had 37 employees. This SBA loan request indicated that the loan would help retain 37 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 Manufacturers & Traders Trust 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.

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