Loan to Buy Hardee's Restaurant Franchise Issued By Newtek Small Business Finance Inc.

Need money to buy a Hardee's Restaurant franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Homewood, Alabama needed money to invest in a Hardee's Restaurant franchise back in 2006. Newtek Small Business Finance Inc. issued an SBA franchise loan. Here are the details on this Alabama small business loan.

SBA Loan Borrower

HARDEE'S
HOMEWOOD, AL 35209

SBA Loan Lender

NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/12/2006

Loan Approval Gross Amount

$300,500

Loan Approval from the SBA

Of the total $300,500 loan amount, the SBA guaranteed $225,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hardee's Restaurant franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 9 new jobs and retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Homewood 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.

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