Loan to Buy Little King Sandwich Shop Franchise Issued By Evergreen National Bank

Borrowing money to buy a Little King Sandwich Shop franchise? Evergreen National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Evergreen, Colorado needed money to invest in a Little King Sandwich Shop franchise back in 2003. Evergreen National Bank issued an SBA franchise loan. Here are the details on this Colorado small business loan.

SBA Loan Borrower

LITTLE KING
EVERGREEN, CO 80439

SBA Loan Lender

EVERGREEN NATIONAL BANK
28145 HWY 74
EVERGREEN, CO 80437

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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/13/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Little King Sandwich Shop franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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 an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Evergreen National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Direct Public Offerings

Best Banks in Evergreen, Colorado

SBA Lenders in Colorado