Borrow Money to Buy a Tcby Franchise

Need a loan to purchase a Tcby franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Tcby franchise loans are available to Elmhurst, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Mutual Bank, based in Henderson, Nevada, issued an SBA franchise loan for a Tcby franchise in 2002. We've got all the details on this New York small business loan.

SBA Loan Borrower

TCBY
ELMHURST, NY 11373

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/10/2002

Loan Approval Gross Amount

$93,600

Loan Approval from the SBA

Of the total $93,600 loan amount, the SBA guaranteed $79,560.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tcby franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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

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