Columbian Bank & Trust Provides SBA Loan to Buy Sheridan's Frozen Custard Franchise

Need a loan to buy a Sheridan's Frozen Custard franchise? Columbian Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Frisco, Texas and are interested in buying a Sheridan's Frozen Custard franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Columbian Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SHERIDAN'S FROZEN CUSTARD
FRISCO, TX 75034

SBA Loan Lender

COLUMBIAN BANK & TRUST
4701 W 110TH ST
OVERLAND PARK, KS 66211

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/13/2004

Loan Approval Gross Amount

$51,750

Loan Approval from the SBA

Of the total $51,750 loan amount, the SBA guaranteed $43,988.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sheridan's Frozen Custard franchise. At the time of the loan, the company had 19 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Small Business Credit Cards

SBA 7A Banks for Overland Park, Kansas Loans

Getting an SBA Loan in Kansas