Borrow Money to Buy a Shakley's Frozen Custard Franchise

Borrowing money to purchase a Shakley's Frozen Custard franchise? Greenbank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Shakley's Frozen Custard franchise? If so, here's a 2001 SBA franchise loan that you should know about. Greenbank was the lender and the entrepreneur was based in Franklin, Tennessee.

SBA Loan Borrower

SHAKEY'S OF NASHVILLE, INC.
FRANKLIN, TN 37064

SBA Loan Lender

GREENBANK
320 MAIN ST
FRANKLIN, TN 37064

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

4/23/2001

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $202,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Shakley's Frozen Custard franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $270,000 loan. Remember, if it to be, it is up to me!

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:

Financing Your Business

SBA Approved Banks in Franklin, Tennessee

Tennessee SBA 7A Lenders