Flowood, MS Entrepreneur Gets SBA Loan to Buy Frullati Cafe Franchise

Borrowing money to buy a Frullati Cafe franchise? Community Bank Of Mississippi has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Flowood, Mississippi needed money to invest in a Frullati Cafe franchise back in 2006. Community Bank Of Mississippi issued an SBA franchise loan. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

FRULLATI CAFE' & BAKERY
FLOWOOD, MS 39232

SBA Loan Lender

COMMUNITY BANK OF MISSISSIPPI
3500 LAKELAND DR
FLOWOOD, MS 39232

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/5/2006

Loan Approval Gross Amount

$235,000

Loan Approval from the SBA

Of the total $235,000 loan amount, the SBA guaranteed $176,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Frullati Cafe franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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:

Frullati Cafe & Bakery

Equity Financing

Who Lends Money to Small Businesses in Flowood, Mississippi

Mississippi SBA Bank Lenders