Borrow Money to Buy a Hardee's Restaurant Franchise

Need a loan to invest in a Hardee's Restaurant franchise? Border State Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Hardee's Restaurant franchise may simply require a phone call to a local SBA banker. In 2005, Border State Bank issued an SBA franchise loan to an entrepreneur in International Falls, Minnesota. Because Hardee's Restaurant was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis.

SBA Loan Borrower

PETE-HAM FOOD SERVICE, INC.
INTERNATIONAL FALLS, MN 56649

SBA Loan Lender

BORDER STATE BANK
1414 HWY 71
INTERNATIONAL FALLS, MN 56649

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/6/2005

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 Hardee's Restaurant franchise. At the time of the loan, the company had 60 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $500,000. How would you spend $500,000 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.

Related Links:

Hardee's Food Systems, Inc.

Borrowing Money from Friends and Family

Small Bank Loans in International Falls, Minnesota

SBA Minnesota Lenders