Dyersville, IA Entrepreneur Gets SBA Loan to Buy Hardee's Restaurant Franchise

Need money to buy a Hardee's Restaurant franchise? Community State Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Hardee's Restaurant franchise? If so, here's a 2007 SBA franchise loan that you should know about. Community State Bank was the lender and the entrepreneur was based in Dyersville, Iowa.

SBA Loan Borrower

HARDEE'S
DYERSVILLE, IA 52040

SBA Loan Lender

COMMUNITY STATE BANK
509 LYNN ST
TIPTON, IA 52772

This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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

722211 - Limited-Service Restaurants

Loan Approval Date

6/12/2007

Loan Approval Gross Amount

$146,200

Loan Approval from the SBA

Of the total $146,200 loan amount, the SBA guaranteed $109,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hardee's Restaurant franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community State 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:

Hardee's Food Systems, Inc.

Business Incubators

Best Tipton, Iowa Banks for Small Business

Iowa SBA Bank Lenders