Loan to Buy Country Kitchen Franchise Issued By First National Bank So. Dakota

Need money to purchase a Country Kitchen franchise? First National Bank So. Dakota has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Country Kitchen franchise? If so, here's a 2000 SBA franchise loan that you should know about. First National Bank So. Dakota was the lender and the entrepreneur was based in Huron, South Dakota.

SBA Loan Borrower

LAWRENCE D. GRIFFITH
HURON, SD 57350

SBA Loan Lender

FIRST NATIONAL BANK SO. DAKOTA
79 2ND ST SW
HURON, SD 57350

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 debt financing to American small businesses.

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

10/13/2000

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Country Kitchen franchise. At the time of the loan, the company had 32 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Huron SD, you ought to talk with a local Huron SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Huron businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Bank So. Dakota and they will explain how you can get an SBA loan for your company.

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:

Country Kitchen International

How Much Venture Capital Is There?

SBA 7A Banks for Huron, South Dakota Loans

Where to Get an SBA Loan South Dakota