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December 22, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Fayetteville, Business Loans > Arvest Bank Fayetteville Business Loans > Shakey's Frozen Custard Loan | ||||
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How Much Does It Cost to Buy a Franchise in Diamond, Missouri?
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Missouri Entrepreneur Secures Financing to Buy Shakley's Frozen Custard FranchiseNeed money to buy a Shakley's Frozen Custard franchise? Arvest Bank has a history of making these loans and they are guaranteed by the SBA. Shakley's Frozen Custard franchise loans are available to Diamond, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Arvest Bank, based in Fayetteville, Arkansas, issued an SBA franchise loan for a Shakley's Frozen Custard franchise in 2001. We've got all the details on this Missouri small business loan. SBA Loan Borrower SHAKEY'S FROZEN CUSTARD SBA Loan Lender ARVEST BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 10/26/2001 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Shakley's Frozen Custard franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a small business or already have a business and need money to expand, 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 Arvest 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Fayetteville, Arkansas
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