Borrow Money to Buy a Hungry Howie's Franchise

Borrowing money to purchase a Hungry Howie's franchise? Star Financial Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Hungry Howie's franchise? If so, here's a 2004 SBA franchise loan that you should know about. Star Financial Bank was the lender and the entrepreneur was based in Ft. Wayne, Indiana.

SBA Loan Borrower

HUNGRY HOWIES
FT. WAYNE, IN 46809

SBA Loan Lender

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

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/9/2004

Loan Approval Gross Amount

$56,250

Loan Approval from the SBA

Of the total $56,250 loan amount, the SBA guaranteed $47,812.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hungry Howie's franchise. At the time of the loan, the company had 28 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 $56,250 loan. Remember, fight for what you want, and it will be yours!

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:

Hungry Howie's Pizza & Subs

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SBA Approved Banks in Fort Wayne, Indiana

Indiana SBA 7A Lenders