Keybank National Association Provides SBA Loan to Buy Mister Bagel Franchise

Need money to purchase a Mister Bagel franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Forest City Landing, Maine needed money to invest in a Mister Bagel franchise back in 2000. Keybank National Association issued an SBA franchise loan. Here are the details on this Maine small business loan.

SBA Loan Borrower

FALMOUTH MISTER BAGEL
FOREST CITY LANDING, ME 04105

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

5812 - Eating Places

Loan Approval Date

1/6/2000

Loan Approval Gross Amount

$53,000

Loan Approval from the SBA

Of the total $53,000 loan amount, the SBA guaranteed $26,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mister Bagel franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the borrowed money would help create 15 new jobs.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Keybank National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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