Dubuque, IA Entrepreneur Gets SBA Loan to Buy Pretzelmaker Franchise

Need a loan to buy a Pretzelmaker franchise? American Trust & Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Pretzelmaker franchise loans are available to Dubuque, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, American Trust & Savings Bank, based in Dubuque, Iowa, issued an SBA franchise loan for a Pretzelmaker franchise in 2006. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

PRETZELMAKER
DUBUQUE, IA 52002

SBA Loan Lender

AMERICAN TRUST & SAVINGS BANK
895 MAIN ST
DUBUQUE, IA 52001

This lender issued this bank loan under the 7A SBA 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.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

11/2/2006

Loan Approval Gross Amount

$309,000

Loan Approval from the SBA

Of the total $309,000 loan amount, the SBA guaranteed $231,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pretzelmaker franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. American Trust & Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, American Trust & Savings Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Pretzelmaker Inc.

Business Credit Evaluation

SBA 7A Banks in Dubuque, Iowa

Where to Get an SBA Loan Iowa