Loan to Buy Cinnamonster retail - Sweetrolls Franchise Issued By Star Financial Bank

Borrowing money to purchase a Cinnamonster retail - Sweetrolls franchise? Star Financial Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Fort Wayne, Indiana and are interested in buying a Cinnamonster retail - Sweetrolls franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Star Financial Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CINNAMONSTER
FORT WAYNE, IN 46815

SBA Loan Lender

STAR FINANCIAL BANK
127 W BERRY ST
FORT WAYNE, IN 46802

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

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

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

6/1/2004

Loan Approval Gross Amount

$118,700

Loan Approval from the SBA

Of the total $118,700 loan amount, the SBA guaranteed $59,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cinnamonster retail - Sweetrolls franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help retain 9 existing jobs.

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

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.

We can help you find the best banks for small businesses in Fort Wayne or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

CinnaMonster

Microlending as a Small Business Funding Source

Small Business Banks in Fort Wayne, Indiana

SBA Lenders in Indiana