Loan to Buy Culver's Frozen Custard Franchise Issued By U.S. Bank National Association

Need money to invest in a Culver's Frozen Custard franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Culver's Frozen Custard franchise? If so, here's a 2002 SBA franchise loan that you should know about. U.S. Bank National Association was the lender and the entrepreneur was based in Fenton, Missouri.

SBA Loan Borrower

CULVER'S FROZEN CUSTARD & BUTT
FENTON, MO 63026

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/23/2002

Loan Approval Gross Amount

$1,564,000

Loan Approval from the SBA

Of the total $1,564,000 loan amount, the SBA guaranteed $827,731.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Culver's Frozen Custard franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help create 20 new jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

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Where to Get an SBA Loan in Cincinnati, Ohio

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