Loan to Buy A & W Restaurant Franchise Issued By Community Banks Of Colorado

Borrowing money to buy an A & W Restaurant franchise? Community Banks Of Colorado has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Gunnison, Colorado needed money to invest in an A & W Restaurant franchise back in 2003. Community Banks Of Colorado issued an SBA franchise loan. Here are the details on this Colorado small business loan.

SBA Loan Borrower

A & W RESTAURANT
GUNNISON, CO 81230

SBA Loan Lender

COMMUNITY BANKS OF COLORADO
1100 N MAIN ST
GUNNISON, CO 81230

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/13/2003

Loan Approval Gross Amount

$480,000

Loan Approval from the SBA

Of the total $480,000 loan amount, the SBA guaranteed $360,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an A & W Restaurant franchise. At the time of the loan, the company had 16 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

This SBA loan was for $480,000. How would you spend $480,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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