Loan to Buy Sirloin Stockade Franchise Issued By State Central Bank

Borrowing money to purchase a Sirloin Stockade franchise? State Central Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Keokuk, Iowa needed money to invest in a Sirloin Stockade franchise back in 2007. State Central Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

SIRLOIN STOCKADE
KEOKUK, IA 52632

SBA Loan Lender

STATE CENTRAL BANK
601 MAIN ST
KEOKUK, IA 52632

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA 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

10/18/2007

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sirloin Stockade franchise. At the time of the loan, the company had 32 employees. The SBA loan application for the borrower indicated that the loan would help retain 32 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Sirloin Stockade

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Who Lends Money to Small Businesses in Keokuk, Iowa

Getting an SBA Loan in Iowa