The Bank Of Fayetteville Provides SBA Loan to Buy Steak N Shake Franchise

Need a loan to invest in a Steak N Shake franchise? The Bank Of Fayetteville has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Steak N Shake franchise shouldn't be overly burdensome. In 2005, The Bank Of Fayetteville issued an SBA franchise loan to an entrepreneur in Fayetteville, Arkansas. Because Steak N Shake was registered with the SBA's registry of franchises, this Arkansas small business loan was issued on an expedited basis.

SBA Loan Borrower

STEAK-N-SHAKE
FAYETTEVILLE, AR 72703

SBA Loan Lender

THE BANK OF FAYETTEVILLE
ONE S BLOCK ST
FAYETTEVILLE, AR 72701

This lender issued this bank loan under the SBA's 7A loan, 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

12/21/2005

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Steak N Shake franchise. At the time of the loan, the company had 67 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Bank Of Fayetteville and they will explain how you can get an SBA loan for your company.

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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